1GOOG trade ideas
GOOGLE TRADEMy take profit on Google would be around 112.48 for now. If it is very bullish that it crosses that resistance, the next take profit would be around 123.
The suggested price targets are based on my indicators and patterns. Please be welcome to correct me, if my POV on it is wrong or misjudged.
Just for learning purpose, please trade wisely folks :) - Thanks
GOOG - Golden Cross in the horizon?GOOG hit into a long term support zone (83-85) on 3 Nov22 and began to form complex basing formation in the past 5 months (with some similarities to Wyckoff Accumulation Pattern).
It now appears to be getting close to embarking on a more sustainable uptrend in the near future, perhaps Earnings expected on 24th of this month could be the catalyst?
Signs favoring the beginning of a sustainable trend:
1. Stock is now above the 200 day MA that has begun to flatten out
2. recent pullback was shallow (38.2 % retraement of it's most recent AB swing)
3. which was also a retest of the 200 day MA and suggested this MA is likely now a near term support (100-102).
It is now on the verge of retesting the high of 108.80 (the original breakup of the 200 day MA that subsequently failed) and the odds are getting better that it could break above within the next few days or week.
Let's see if this works out!
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Google-> BreakoutHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Google stock is finally breaking above a major previous weekly support/resistance level exactly at the $105 area.
You can also see that weekly market structure and moving averages are bullish, the next major resistance is sitting at the $120 level and it overall seems like the bottom is in for Google so I just do expect more continuation towards the upside.
On the daily timeframe you can see that with today's candle Google stock is up almost 5%, creating a massively bullish breakout and breaking all resistance towards the upside so I am now just waiting for a retest of the $105 level and then I do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
GOOGLE : Long on breakout
As shown in the graph, I have summarized the various reasons why a Long trade could be opened on Google.
With the use of my indicators (LuBot , Predictum , LuExcess , LuTrender) and through graphical analysis, I identify a good entry pattern for a short-term trade.
The conditions for a Long entry are already valid, but one could enter at the actual break of the trendline for further confirmation.
The profit exit could be placed on the next resistance level that we find in the 117.50 area and the loss exit below the last lows to avoid holding a losing trade for too long.
The conditions for a Long are all there, but as we know, nothing is certain in trading. The important thing is that what we do always has a sense and a motivation and that the conditions are favourable. If the trade goes into loss patience, there will be other opportunities.
The market doesn't run away and the most important thing is always to keep calm and patience.
Consolidating...WW pattern that will most likely reverse at the end of the 4th leg.
I left the 4th leg dashed as I am not sure it is complete.
Resistance overhead.
Strong green candle today. 2 shooting stars in the last several trading sessions, a green one and a red one, which can be a bearish signal since they are at a resistance level. Time will tell.
Price is above the 50% retracement.
No recommendation.
52 Week Range
83.45
123.26
Day Range
105.79
108.36
EPS (FWD)
5.29
PE (FWD)
20.06
Div Rate (TTM)
0
Yield (TTM)
0
Short Interest
0.42%
Market Cap
$1.34T
GOOG Cup and Handle FormationGOOG price is after a consolidation in price which lasted since beginning of November 2022 starting to look bullish. It is currently testing it's 200 moving average which is sitting at $103 per share price range. If the pattern is formed properly and bulls take over, we could see a potential rise in price to the $125-130 level.
Things to watch and consider:
1. My personal buy point for the GOOG stock would be retest of the 200MA, price levels between $102.5-$104. This buy will be 30% of the planned acquiring of the GOOG stock.
2. Second buy point would be above last known resistance sitting at $108.4 - $108.8 price range, which is also considered as top of the Cup and Handle Formation.
3. If this scenario is set to be false, my stop loss for this position will be just under the 200MA, sitting at price range between $102.5 and $100 per share.
4. If the scenario according to technical analysis seems to be working, my profit target would be in range of $125 to $127 per share, with possibility of moving my take profit level even higher if price is starting to move higher.
Just for everyone's thoughts, this is not financial advice and I am not a financial advisor, please do your Due Diligence before investing your hard earned cash.
OMH Looks NeededThe structure could technically be counted as complete. All the pre-requisites are there, however, there are a few reasons I believe OMH is still incoming.
1. Looking at the MACD you can see the trendline I have drawn. I expect it to hit that trend line before turning back down, and in order for that to happen, price will have to raise.
2. We have yet to hit the 1.0 of this ABC retrace!
3. If this were to be all of this retrace it would be a shallow ((B)) wave, and with posting almost $1Billion in un-expected revenue, I find that unlikely.
4. TIME. I have been going on a lot lately about time. Ultimately, structure is the top authority over time or any other tool, but time still matters an awful lot.
5. Consolidation. We have been consolidating around this are for a while now allowing people to take profits off the table and setting new ones up with more of a tolerance for the last push higher.
All this being said, we could start to drop at any time and head lower either for another A wave of a higher degree or start our Primary ((C)) wave drop lower. This is labeled in turquoise as my ALT count and suggests we have already topped and will start trending down shortly. Again, This is my ALT count as of this time.
A breach of $110.02 indicates we're headed to my target box for OMH. $101.09 is the first clue we are headed down. While a breach of $83.36 confirms we are dropping much lower.
Bonam Fortunam,
--Tyler
Alphabet (Google) Ready to break up above the brim to $124.00Cup and Handle formed on Alphabet Inc.
The price action before that played to the Letter (no pun intended).
And now we are seeing a gradual increase in demand (buying) with the price ready to break above the brim level.
7=21
Price>200 - bullish
Target $124.00
SMC:
Sell Side Liquidity Order block has formed below the handle of the Cup, showing Smart Money coming in sweeping the selling side and buying into it, hence the upside over the last few days.
ABOUT
Alphabet Inc. is an American multinational conglomerate that was created in 2015 as a holding company for Google and several other subsidiaries.
The company's primary subsidiary is Google, the world's most popular search engine.
Alphabet is headquartered in Mountain View, California, USA.
The company's founders are Larry Page and Sergey Brin, who are also the co-founders of Google.
Alphabet has a market capitalization of over $1.5 trillion (as of April 2023).
Google is responsible for developing some of the most widely-used software products in the world, including the Android operating system, Google Maps, and Google Drive.
The company generates most of its revenue through advertising, with over 80% of its revenue coming from Google ads.
Alphabet has over 200,000 employees worldwide and is known for its unique company culture, which emphasizes innovation and collaboration.
The company is committed to sustainability and has set several ambitious goals, including a goal to operate on 100% renewable energy by 2030.
Alphabet is one of the largest technology companies in the world and is a member of the prestigious FAANG group of companies (Facebook, Amazon, Apple, Netflix, and Google).
The company is also a major player in the cloud computing industry, with Google Cloud Platform being one of the leading cloud computing services in the market.
Alphabet is known for its extensive research and development activities, with the company investing heavily in areas such as artificial intelligence, machine learning, and quantum computing.
The company is also active in the self-driving car industry through its subsidiary Waymo.
GOOGL Alphabet Options Ahead of EarningsI you haven`t sold GOOGL here, to buy it cheaper later:
Then analyzing the options chain of GOOGL Alphabet prior to the earnings report this week,
I would consider purchasing the $106.5usd strike price Calls with
an expiration date of 2023-6-16
for a premium of approximately $2.17.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
Mega-cap tech earnings watchMSFT, GOOGL, AMZN & META Mega-cap tech earnings are this week. This is a 4x split frame 1 day (16hr ext) chart using TTCATR, pi RSI & FibMAI indicators.
Market Capitalization
#2 MSFT 2,067.29 B
#3 GOOGL 1,357.08 B
#4 AMZN 1,066.22 B
#7 META 537.08 B
GOOGL 4/25 @ 4pm
Q1 March 2023 Consensus:
EPS = 1.06
Revenue = 68.85 B
P/E = 25
SMA50 = 99
SMA100 = 96
SMA150 = 96
SMA200 = 101
TTCATR VWMA20
R3 = 114
R2 = 111
R1 = 108
pivot = 105
S1 = 101
S2 = 98
S3 = 94
4/28 expiry options data:
Put Volume Total 33,198
Call Volume Total 42,532
Put/Call Volume Ratio 0.78
Put Open Interest Total 97,001
Call Open Interest Total 134,835
Put/Call Open Interest Ratio 0.72
5/19 expiry options data:
Put Volume Total 5,085
Call Volume Total 10,756
Put/Call Volume Ratio 0.47
Put Open Interest Total 116,115
Call Open Interest Total 156,096
Put/Call Open Interest Ratio 0.74
MSFT 4/25 @ 4:05pm
Q3 March 2023 Consensus:
EPS = 2.22
Revenue = 51.03 B
P/E = 31
SMA50 = 270
SMA100 = 257
SMA150 = 250
SMA200 = 255
TTCATR VWMA20
R3 = 307
R2 = 300
R1 = 292
pivot = 285
S1 = 278
S2 = 270
S3 = 263
4/28 expiry options data:
Put Volume Total 45,912
Call Volume Total 46,653
Put/Call Volume Ratio 0.98
Put Open Interest Total 82,334
Call Open Interest Total 82,492
Put/Call Open Interest Ratio 1.00
5/19 expiry options data:
Put Volume Total 14,903
Call Volume Total 41,637
Put/Call Volume Ratio 0.36
Put Open Interest Total 124,435
Call Open Interest Total 151,318
Put/Call Open Interest Ratio 0.82
META 4/26 @ 4:05pm
Q1 March 2023 Consensus:
EPS = 1.96
Revenue = 27.61 B
P/E = 25
SMA50 = 195
SMA100 = 165
SMA150 = 150
SMA200 = 154
TTCATR VWMA20
R3 = 232
R2 = 226
R1 = 219
pivot = 212
S1 = 206
S2 = 199
S3 = 193
4/28 expiry options data:
Put Volume Total 16,881
Call Volume Total 34,914
Put/Call Volume Ratio 0.48
Put Open Interest Total 88,603
Call Open Interest Total 134,251
Put/Call Open Interest Ratio 0.66
5/19 expiry options data:
Put Volume Total 5,151
Call Volume Total 4,777
Put/Call Volume Ratio 1.08
Put Open Interest Total 127,386
Call Open Interest Total 183,520
Put/Call Open Interest Ratio 0.69
AMZN 4/27 @ 4pm
Q1 March 2023 Consensus:
EPS = 0.21
Revenue = 124.47 B
P/E =
SMA50 = 98
SMA100 = 95
SMA150 = 99
SMA200 = 107
TTCATR VWMA20
R3 = 114
R2 = 110
R1 = 106
pivot = 102
S1 = 98
S2 = 94
S3 = 90
4/28 expiry options data:
Put Volume Total 32,178
Call Volume Total 87,729
Put/Call Volume Ratio 0.37
Put Open Interest Total 190,829
Call Open Interest Total 339,062
Put/Call Open Interest Ratio 0.56
5/19 expiry options data:
Put Volume Total 6,032
Call Volume Total 11,476
Put/Call Volume Ratio 0.53
Put Open Interest Total 170,311
Call Open Interest Total 292,932
Put/Call Open Interest Ratio 0.58
GOOGLE Ahead of a 1D Golden CrossAlphabet Inc (GOOGL) is about to form a Golden Cross on the 1D time-frame, which is when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line). This is a very bullish pattern, that can be enough to break above the Channel up pattern that the stock has been trading in since the November 03 2022 market bottom. In that case we will target Resistance 1 at 122.50.
If however we get a candle close below the 1D MA200, we will sell towards the bottom of the Channel Up and then buy for a 115.00 Higher High target.
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Big Nothing Burger from GoogleDespite posting almost HKEX:1 Billion in un-expected revenue Google has yet to rally like Meta and MSFT. This supports my primary count of having topped already. That doesn't mean we can't go higher. We still haven't hit the 1.0 of this ABC retrace, this would be a shallow retrace, and until we have conformation, I will leave the ALT count up showing we can still get OMH. I drew a target box labeled ((A)) or ((1)), but that box is assuming we have in fact topped. If we end up getting that OMH those targets will change.
I labeled it ((A)) or ((1)) due to the fact that it could be another A wave forming within our Cycle Wave IV, or it could be the beginning of the C wave. I'm leaning towards the prior strictly due to timeframe. Wave II wasn't very deep, but it did pass the 0.5 fib, so it wasn't exactly shallow either. Due to the rules of alternation, I would assume our Wave IV should stay above the 0.5 fib line of Wave III. This gives credence to the next drop being an A wave because it would help drag it out making wave IV longer.
By now this move up, rather it has OMH to the 1.0 or not, is almost over. IMHO it is not wise to go long in this area as you could very easily get caught in a trade and lose big. This is also why stops are so important!!! I can't say it enough, stops help save capital when you're wrong, and it helps to protect profits.
Bonam Fortunam,
--Tyler
Google -> Finally The BottomHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Google stock just recently perfectly broke above and is now retesting a major previous weekly structure area which is now turned support at the HKEX:104 level.
You can also see that weekly market structure is now bullish, moving averages are also bullish and the recent price action on Alphabet stock just looks like a solid bottom formation so I simply do expect more continuation towards the upside from the current levels.
On the daily timeframe you can see that market structure is about to shift bearish so I am now just waiting for a clear bullish impulse and break above the daily HKEX:107 resistance before I then do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Google Long TermOn the Chart, my primary count shows that Google is not quite done with SC Wave 1. However, labeled in turquois, is my ALT count which suggest we finished SC (I) and have started to head down for SC (II). Either way, rather my black prevails, or my turquois count is correct, we're headed lower. Turquois suggests we're headed as low as HKEX:20 , whereas black suggests a target of HKEX:30 - HKEX:70 with HKEX:40 - HKEX:50 most likely.
I understand that is a large target box, but until we get more solid information, I cannot give more detailed boxes on the long-term outlook. However, this wave IV should end somewhere around the previous wave 4 of a lesser degree, between the 0.786 -1.0fib lines, & the 0.382 retracement fib. All of this points to the HKEX:40 dollar level...thats a 50%+ decline!!
Bonam Fortunam,
--Tyler