Part 2 long term OUTLOOK - QQQ SPY and 7 Mega Cap Tech StocksPart2 long term OUTLOOK - QQQ SPY and 7 Mega Cap Tech Stocks
GOOG trade ideas
Google Long term analysis More likely is another sub-wave 5 up to complete Wave III before the big correction. And after big Wave V to 150 -160.
GOOG shortGOOG broke out of this range box 2nd time to the downside .....now break of this recent consolidation can results in the good downside move for GOOG
Google 180, 1D Bullish Inverted Head & Shoulder will retrace from 125.2
134 above Inverted Head & Shoulder Activation
Target 180
Weekly Above 9 EMA 126 Supper Bullish
Check Daily 9 EMA Pattern Activation
Google is coming to its weekly demand zonegoogle recently broke out of its weekly downtrend , it also broke its recent weekly supply zone.
there's a trading opportunity of long at 108 $ (weekly demand )
target would e 138 .
DYOR befoe intevesting
free $GOOG 17 days in the box.Google been accumulating in the box for 17 dayys, this is such a great 17 set up because just like NASDAQ:RIVN when its free, there will a decent extension. i am more bearish on this set up and and i hope we test the bottom of the box tomorrow, but anything can happen in the market so always play offense as well. 126 is my main target price if we get free.
GOOGL relative strength and key concepts. NASDAQ:GOOGL has been showing impressive relative strength on a weak tape.
Still just watching here. #nasdaq being oversold and ready for a dead cat bounce doesn't mean risk is low. We dont want the lower price, we want the best price
More on NASDAQ:GOOGL as it's a fascinating example of key concepts like relative strength, high volume up vs low volume down, pocket pivots, VCPs, bounce on support, shakeout of weak hands, early turn, etc. All pointed on chart.
The fifth wave will beginHello friends
It seems that the fourth wave is being completed and the fifth wave will begin. Macdi shows that there is a heavy negative divergence and then wave 5 of the fall is coming.
#GOOGL next month Straddle/Trade planNew research brings to us the new significant Straddle with expiration day 15-Sep.
Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. Use them in com
Tricky oneTwo possibilities presented.
Already a deep retracement which is kinda normal whit suggested expanding leading diags.
Alternative count would be that we are setting a full impulsive pattern.
Alphabet's Stellar Performance Steals the Spotlight...Investor Enthusiasm Ignites as Alphabet's Stellar Performance Steals the Spotlight
Alphabet, the technological powerhouse, has ignited a blaze of excitement among investors with its latest financial report, revealing a striking showcase of accomplishments. With an impressive revenue tally of $74.6 billion and a robust $1.44 in diluted earnings per share, Alphabet has confidently outpaced Wall Street's predictions, sending its stock soaring in the aftermath of this announcement.
This surge in positive momentum isn't an isolated event but rather a continuation of a larger trend. Throughout the initial seven months of 2023, Alphabet's shares have outshone the Nasdaq Composite Index by an astonishing 50%, positioning the company as a beacon of success in the tech arena.
Amidst these resounding triumphs and bolstered by its trillion-dollar valuation, the pertinent query arises: Is this an opportune juncture to delve into an investment with this tech titan?
In the early reaches of 2022, as the Federal Reserve embarked on an assertive campaign of interest rate hikes to combat the burgeoning inflation threat, economists sounded the alarm for an impending recession. This climate of economic uncertainty prompted cautious corporate strategies, leading to curtailed marketing expenditures. The prevailing concern was that dwindling consumer demand might prompt individuals to prioritize essential essentials over discretionary splurges, rendering amplified advertising endeavors seemingly redundant.
In alignment with these cautious corporate maneuvers, Alphabet faced a dip in advertising revenue during the fourth quarter of 2022, with a slight residual dip spilling into the first quarter. However, the most recent quarter's records unveiled a promising uptick of 3% year-over-year in digital ad revenue. This resurgence paints a picture of Alphabet's prime driver – advertising – gaining momentum and veering towards a path of more normalized growth trajectories.
As economic pundits recalibrate their forecasts, lessening the odds of a 2023 recession, the burgeoning trend of escalating ad expenditures could potentially sustain its course across forthcoming quarters. Bearing in mind that ad revenue contributes a substantial 78% to Alphabet's overall company-wide earnings in Q2, this favorable development could undoubtedly bode well for the conglomerate's financial performance.
While Alphabet's advertising revenue strides modestly within single-digit percentages, a radiant star on its horizon is the Google Cloud Platform (GCP). This segment, responsible for a gamut of cloud services spanning computation, data storage, and AI tools, achieved a resplendent $8 billion in sales during the latest quarter – a robust surge of 28% in contrast to Q2 2022. This progression maintains a consistent rhythm from the preceding quarter.
A noteworthy watershed for stakeholders emerges in the form of GCP's burgeoning financial prowess. For the first time in its history, this segment garnered positive operating income within the initial quarter of the current year. Furthermore, the operating margin extended its boundaries to 5% during this latest three-month phase. Should GCP persevere along this trajectory and ultimately reach the commendable 28% operating margin precedent set by Amazon Web Services in 2022, Alphabet's holistic profitability stands poised for substantial amplification across forthcoming years.
With global cloud market forecasts predicting a staggering $2.4 trillion opportunity by 2030, GCP stands at a vantage point to steadfastly wield its leadership in this burgeoning industry. Presently positioned third in market ranking according to Statista, GCP finds itself ideally positioned to continually invest in fortifying its service portfolio for both present and future clientele, armed with a wealth of financial resources and access to top-tier technological talent at Alphabet's disposal.
Despite a meteoric ascent in the annals of 2023, Alphabet's stock remains alluringly valued. Currently, shares are traded at a trailing price-to-earnings (P/E) ratio of 28, situated beneath the 10-year average P/E multiple of 30.6. Amplifying this appeal, with a projected increase in net income, the forward P/E ratio emerges even more enticing at 23.9. These valuation metrics inherently furnish compelling rationales for contemplative investment in this reigning corporate giant.
Augmenting its charm, Alphabet showcases a robust financial stance as of June 30, boasting an impressive $118 billion in a confluence of cash, cash equivalents, and marketable securities, all resting snugly within its balance sheet. Moreover, its long-term debt strikes a modest chord at $14 billion. The company's consistent generation of substantial free cash flow further solidifies its stance as a stalwart stock suitable for the discerning investor to embrace and maintain in their portfolio.
Amidst a landscape characterized by its tantalizing valuation, robust financial posture, and an unwavering stream of cash flow, Alphabet emerges as an enticing prospect for those seeking a stable and propitious addition to their investment repertoire.
GOOGL buy writeGOOGL a big name in AI trend. Looking to buy on dip but collecting premium during this market weakness.
Alphabet long Erning weeks 52 Weeks High hitNew 52-week highs this week, powered by the Dow which, on Friday, extended its streak of positive days to ten — something the blue chip index has not done in almost six years.
Trend setup
Weekly bullish 52w high hit
Daily Bullish
4H Bllish
I have explained 2 scenarios to enter the bullish trend
also on lower tf compatble
A break below88 is bearish, and the end of bllish trend.
A break above 220 will catapult the up trend much more stronger.
In this case we can decie to take partial profits
or
we we ride the trend.
My decision:I ride the trend,if this happens. Why should I give more possible profits, and limit them?
Instead I focus on limiting the risk,but upside unlimited chances.
GOOGLEA simple correction is expected to rise, and then another strong last wave will fall, in order to complete wave 4
What about google stock?The stock descended in wave A, a strong decline, and the rebound was in wave B, and it is possible that wave C will complete a strong five-wave decline, thus completing a triple decline, and then preparing for the rise of a new impulse and making a larger historical peak.
Note.. The scenario fails if the price closes above the $152 area
(Google) Fake Break up may comeFake break up
Selling strength is greater than buying strength
Price increase but volume is relatively low (due to nice earning)
Looking for a simple 618 retrace on the google.This would line up with the volume profile, and an obvious support.
signal for GOOGLI have two signals for two senario for Google either bearish to 121 and moving up or going down to120 then bullish
Alphabet Rallied. Now It’s Pulled BackAlphabet jumped to a new 52-week high on strong results last week. Now it may be giving trend followers a potential opportunity.
The first pattern on today’s chart is the bullish gap on July 26 after revenue beat estimates and its Cloud business surprised to the upside. GOOGL has retraced half that move, which could attract dip buyers.
The current level is additionally near the peaks of June and early July. Will old resistance become new support?
Third, the 8-day exponential moving average (EMA) recently crossed above the 21-day EMA. MACD has also started rising. Those patterns could reflect a bullish short-term trend.
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(GOOGL) 30min - Bear Crab Type 1.5 / 3 Drives TopThis is an intriguing chart to me. Clearly the Bull Reciprocal AB=CD pattern, aided by the earnings announcement, yielded a major extreme impulse wave that met all of it's price targets. Price printed a counter-trend Bear Crab pattern and an entry confirmation line. Within a few bars, price quickly reacted to just beyond the Crab's .236 retrace level; completing the Type 1 harmonic reaction as it interacted with a mirror sliding parallel and a multi-pivot line. A rally to fresh highs ensued. Note the range of the rallies ever since the earnings announcement; their increasing, but the stock's essentially going nowhere. price had a small reaction back to the center line and has revealed the potential for a discordant 3 drives to the top pattern. Note the near touch and immediate reaction against the 1.13 extension of the last minor impulse, occurring at the upper Keltner Channel; this may prove to be the next major pivot. When stalking for a Type 1.5 harmonic pattern entry, one must consider the possibility of divergent action above the Type 1 pivot and be watchful for smaller time harmonic patterns to develop in the direction of the major pattern. There has been no minor pattern development, but the failed wave and discordant 3 drives pattern was enough for me to take this Type 1.5 bear entry. My contention is that we have a setup here that may yield a major impulse down; essentially filling in the earnings gap. However, the path downward is fraught with peril. For starters, price is currently locked in an upward sloping median line channel. It will have to contend with the channel's and several mirror sliding parallel's support along with the natural harmonic reaction level at the .236 retrace(purple dotted) and several multi-pivot lines(yellow dashed). The lower median line would be the next test of support. The longer any move downward takes, the more likely that price is, in fact, in an accumulation range; be mindful of the major median line set. The time element here is crucial for the bears as there is a Hurst nominal 10 day cycle low due within the time illustrated by the whisker(red line & circle). A move to target 2 would require a sharp decline if the next major low pivot is to coincide with the upcoming cycle low. If price eventually goes to target 2 in a protracted manner, it will do so in a volatile manner with sharp rallies. The harmonic trading model looks for a move to target 1 for a type 1.5 entry. I'll scale out there and hold the rest for target 2. The market will likely open with a gap. If it's to the upside, I'll no doubt get stopped out. If it's to the downside, breaking the minor pivot @131.89, then this trade is in business.
DYDD
Googl still bullish #Googl still bullish if still hold above 129.2 $.
Res : 130.3$/ 131.5$/ 133$/135$
Support : 129.2$/127.5$ 125.5$
Possible goal 110If it holds 94 and we reach 104, we will probably work out the figure of a double bottom or a diamond, the goal is 110.
GOOGL - 15 months HEAD & SHOULDERS══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
