GOOGL price inside the channelOn 4h time frame we can see that the price remains inside the channel.
If the price retests the downsloping support , it would be the entry for a long position.
The target would be at the downsloping resistance.
If the price moves higher and retests the resistance , it would be the entry for a short position.
We would target the lower boundary of the channel.
2 possible scenarios are shown on the chart
1GOOG trade ideas
Alphabet - Road Map to a TopAlphabet Inc (GOOG) recently retraced a Fibonacci .382 of the recent impulse wave up - labeled "iii" - boxed. Also note the drop subdivided into a clear Elliott wave (a) - (b) - (c) Zigzag.
Daily Stochastic had a bullish lines cross after going into the oversold zone.
There's a high probability GOOG could rally next week into the 131.00 to 134.50 area.
If this happens it could be the termination point of the rally from GOOG's 2022 bottom.
GOOG is a major stock, if it makes a significant top it could also mean the U.S. stock market is making an important peak.
Healthy Pull Back or More Downside? QQQ SPY Big 6 Tech Analysis- QQQ & SPY potential bearish pattern H&S forming
- Still a very healthy consolidation pull back at the moment
- TSLA 4 hour time frame 12 EMA full bull control guide
- NVDA rising wedge pattern is my guide
- GOOGL daily downtrend potentially shaping up
- AMZN similar to GOOGL cant get out of its chop box zones rejected resistance again today
- MSFT starting to pull back enough that if next bounce is shallow might start to shape up more downside
- AAPL strongest of them still very shallow pullbacks and healthy at the moment, 12 EMA 2 day time frame absolute full bull control
possible google tradeSince late 2021 Google looks to be in a corrective pattern. Looking ahead to a likely Recession it is probable that Wave 2 (white) is not finished and will continue lower in 5 waves once Purple wave B is finished. It is to be noted that Purple wave B might have just finished and if so then the 5 waves down for Purple C is already started
Alphabet - Bullish idea - Swing tradeHi there!
Bullish case for Alphabet. The idea would be a swing trade around the $143 area.
The weekly chart still seems favorable.
Some could see it as a risky trade and it is understandable. However the indicators are showing strength, signs of accumulation and that time has passed and the price hold on to support.
Caution (bart pattern) and patiently wait for possible confirmations.
Stay well guys
GOOG Finds Robust Support, Buy for TargetsIn this investment opportunity, Google (GOOG) is currently experiencing a solid support level in the range of 122-121.80. Based on this technical analysis, it is recommended to consider buying the stock with the targets set at 127 and 129. By leveraging the strong support, investors can potentially capitalize on the upward momentum and aim for these specific price levels. As with any investment decision, it is crucial to conduct thorough research and analysis to ensure alignment with personal investment goals and risk tolerance.
GOOG is in an early reversalGOOG with its dominant search engine, YouTube, Maps and other apps besides cloud services
is a revenue gisnt. On the daily chart, it has had a respectable 40% YTD . However, I see signs
of a reversal. Added to the chart are the anchored VWAP bands beginning from the earnings of
November 2022. Price is in the neighborhood of 3 standard deviations from the mean. This is an
area where institutional and professional traders like to sell and earn their profits. Several
recent candles had wicks beyond that third standard deviation line. The candle stick analysis
is that of a " 3 bar play" - in this case, a green candle then a Doji candle suggesting indecision
and finally, a red candle documenting the change in direction. The ADX indicator shows
the weakening of trend directional strength topping out and then decreasing. The POC line
of the long-term volume profile is about the same level as the mean VWAP line. That is to
say, there is congruence there and so a very strong buying zone with high volatility
Overall I will take a short trade in 20 shares of GOOG with a stop loss at 129 and take a profit
of half at 106 ( above the POC line) and the other half at half at 103 ( near VWAP) using a sell-
stop order when the price crosses $ 0.25 below market to assure the direction
validation. If the trade goes in my direction to the target I expect a R0! of 15- 18% overall.
IF you want to know my idea of a good option trade leave a comment. IF you take a short
trade on the stock, I wish you the best of luck in your trade. I will adjust
stop loss down to the entry price when the stock price goes under 120 to make the
trade risk-free and then decrease the stop loss price by 4.50 upon market of 115. When
the market goes under 110, I'll change the stop loss to a trailing loss of 2 % and when it goes
under 108 change the trailing loss to 1% as alerted by alerts on the price that I have setup
to minimize screen time in trade management .
GOOG OTM CallStrike: $128
Expiry: 09/06/23
The stock had a big run up and is now consolidating at resistance. After such a big move, price is now very far away from the 20 EMA. In the previous downtrend and current uptrend, it is observed that price tends to pullback and bounce of the 20 EMA. Now, price will likely consolidate further and pullback towards the 20EMA before the next leg up.
Call is placed at $128 purple line above the resistance zone for safety in case the price makes sudden move up as markets are volatile, the resistance could help contain it for some time. Profits long as price is contained under $128 by expiry.
Google vs BingIf you haven`t sold GOOGL here:
Or bought it here:
Then you should know that the investment by Microsoft in OpenAI signifies a significant boost to their artificial intelligence capabilities. OpenAI's advanced technologies and expertise in AI research and development could potentially enhance the capabilities of Microsoft's Bing search engine. With access to powerful AI algorithms and resources, Bing may be able to offer more personalized and accurate search results, thereby attracting users who seek a more refined search experience.
Furthermore, Microsoft has been making strategic moves to expand its presence in various sectors, including cloud computing and enterprise services. By integrating Bing into its ecosystem of products and services, Microsoft can leverage its existing user base and partnerships to promote Bing as a viable alternative to Google.
In recent years, Google has faced scrutiny over data privacy concerns and antitrust issues, which could create an opportunity for Bing to gain traction among users seeking more privacy-focused alternatives. Additionally, Microsoft has been actively investing in marketing and advertising efforts to raise awareness about Bing and improve its market positioning.
While Google currently holds a dominant position in the search engine market, the landscape is dynamic and subject to change. If Microsoft successfully leverages its partnership with OpenAI to enhance Bing's capabilities, coupled with strategic marketing initiatives, it could potentially chip away at Google's market share over time.
If I had to buy some options, that would be the following puts:
2024-1-19 expiration date
$105 strike price
$3.25 premium
Looking forward to read your opinion about it!
Don’t Forget About AlphabetAlphabet has been on the sidelines since a big rally in May. Is it time for traders to think about more upside?
The first pattern on today’s chart is last August’s peak around $122.43. GOOGL chopped on either side of the level for three weeks but has mostly stayed above it. Last Wednesday’s pullback brought prices back to the line and it’s stayed there since. Has old resistance become new support?
Second, stochastics dipped near an oversold condition during the period of consolidation.
Third, GOOGL is near its rising 21-day exponential moving average (EMA). If price stays above that line, it could potentially signal that a bullish trend remains in effect.
Finally, remember that Artificial Intelligence (AI) advances lifted the stock in May. That narrative has continued to play out in other names like Nvidia (NVDA) and Adobe (ADBE). Investors following the movement may see an opportunity in GOOGL now that it’s pulled back.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
GOOG - Entry, Volume, Resistance, Target, StopEnter when price clears 109.63
With daily volume greater than 34.68M
Target: 123 area
Resistance: 112.64 & 117.78
Depending on your risk tolerance: 105.12 gets you 3/1 Risk/Reward
This trade idea is not trade advice. This idea is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
GOOGL:A Compelling Investment Opportunity with Growth CatalystsAlphabet, with its heavy reliance on digital advertising, faces challenges during weaker economic periods. However, its recent revenue growth slowdown of 3% reflects the current macroeconomic conditions. To address this, Alphabet is implementing cost-cutting measures, including significant layoffs.
Despite these challenges, Alphabet's shares have seen a 40% increase in 2023, albeit remaining 17% below their all-time high. The question arises: Is Alphabet a good investment? The answer is a resounding yes, and here's why.
Google Search, contributing 58% of Alphabet's ad revenue, maintains an overwhelming global market share of 92.8%, while competitors like Bing struggle to gain traction. Thus, Google's dominance remains secure.
Alphabet's Google Cloud Platform (GCP) shows impressive growth, with revenue increasing by 28% year over year, outpacing Amazon Web Services (AWS). GCP's recent achievement of its first operating profit indicates further potential for increased profitability.
Alphabet's commitment to artificial intelligence (AI) is evident, enhancing search capabilities, providing real-time updates, and combating spam. The integration of AI across Workspace products and tools demonstrates Alphabet's ongoing commitment to innovation.
The Other Bets segment, including Waymo, Alphabet's autonomous driving unit, is making strides. The recent partnership with Uber expands Waymo's reach and paves the way for mass adoption of autonomous driving technology.
Despite the surge in shares, Alphabet's valuation with a trailing P/E ratio of 27.6 and forward P/E ratio of 23.2 appears reasonable, considering its dominant position and growth catalysts.
Alphabet generated $17.2 billion in free cash flow, showing a 12% increase, and maintains a robust balance sheet with $115 billion in cash and securities, enabling it to pursue new initiatives.
Considering these factors, Alphabet presents an attractive investment opportunity and can serve as a core holding in a long-term portfolio strategy.
GooglPrice formation is starting to come together.
Ascending triangle forming which is bullish.
Google has basically consolidated the entire week while other tech names moved higher.
Long over 126.50
Stop loss 125.00
Target 1 -130
Target 2 - 133 gap close
Macd has turned bearish so I'd definitely wait for a leg above 126.50 before a long.
You see the 21ema on the 4hour chart? Only short below that, otherwise they will push this higher..
Possible breakout by Tuesday