#ALPHA/USDT Ready to go higher
#ALPHA
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 0.1048
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.1080
First target 0.1110
Second target 0.1182
Third target 0.1248
Alphabet
Google - Catch The 2025 Bullrun Now!Google ( NASDAQ:GOOGL ) is preparing for a strong year 2025:
Click chart above to see the detailed analysis👆🏻
So many confluences on Google are pointing to a strong year of 2025. First of all we have the resistance trendline breakout which we saw a couple of months ago and bears were also not able to significantly push price lower after we saw the retest of resistance. This is soo bullish.
Levels to watch: $220
Keep your long term vision,
Philip (BasicTrading)
Google: There We Go!Since late October, the Alphabet stock has been rejected twice at the $181.61 resistance. This Monday, though, it achieved an impulsive rally above this critical level. This advance aligns perfectly with our primary scenario by propelling the magenta wave further upward, and we expect additional gains as this movement progresses. However, the development of the ongoing upward impulse would be significantly delayed in our 33% likely alternative scenario. In this case, Alphabet’s stock would still be working on the corrective green wave alt. and sell off below the support at $147.22.
Alphabet (GOOGL): Perfect wave reaction. This is our planWhat can we say except—just take a look at this. Alphabet ( NASDAQ:GOOGL ) has followed our analysis perfectly over the last two months, reacting strongly to the targeted area for wave B and selling off immediately after reaching the exact 78.6% Fibonacci retracement.
Fundamentally, pressure is mounting on Alphabet. Last Wednesday, U.S. prosecutors presented a case to the Department of Justice arguing that Google must sell its Chrome browser, share data and search results with rivals, and potentially sell Android to dismantle its monopoly on online search. This landmark case could reshape how users find information, creating uncertainty around Alphabet’s future operational structure.
From a technical perspective, we still anticipate more downside for $GOOGL. The level of $137.8 now appears even more significant. It aligns with the Fibonacci retracement of wave (2), the Point of Control (POC), and the wave C target—an extremely strong confluence zone. This makes $137.8 a likely magnet and a strong candidate for support, offering a potentially lucrative long setup if the price reaches this level.
We are monitoring closely to see how NASDAQ:GOOGL performs in the coming weeks and how these levels react to ongoing market conditions and DOJ pressures.
Google: At the Resistance!Driven by bullish momentum in the tech sector, Google’s stock has recently gained as expected. The resistance at $181.61 has presented a key hurdle in recent weeks. However, our primary wave count indicates that this level will be surpassed next during the ongoing magenta wave . This bullish impulse should conclude significantly higher in the chart, thereby setting a new all-time high. Conversely, there’s a 38% chance for our alternative scenario, which suggests an extended wave alt. correction.
Google along with AI companies preparing for major rally to $216Cup and Handle is clearly forming on Google.
The AI companies are looking super bullish in the medium term and looks great for investing in.
Either there is going to be a HUGE breakthrough with AI soon or there are going to be favourable legislations and regs to change with Trump being President.
ALl in all technically, we are seeing up signs including:
Price> 20 and 200MA
Broken downtrend
Now we just need a breakout to the upside with the Cup and Handle.
Target $216.10
GOOGLE Enormous upside confirmed by a 1W Bullish Cross eyes $235Alphabet Inc. (GOOG) has been trading within a 2-year Channel Up since the October 31 2022 bottom of the Inflation Crisis Bear Cycle. Having already started the new Bullish Leg of the pattern following the rebound on the 1W MA50 (blue trend-line), the price completed last week a MACD Bullish Cross on the 1W time-frame, the first since March 25 2024. That was halfway through the previous Bullish Leg.
The 2-year Channel Up has only given us another 3 such MACD Bullish Crosses, so this is in fact a strong and rare bullish signal. As you can see, so far we've had two major Bullish Legs within the Channel Up, both topped after roughly +60% price increases and both reached at least the 2.382 Fibonacci extension measured from their respective corrections.
Since the 2.382 Fib extension is this time considerably above the Channel Up, it is only natural to assume that yet again the Bullish Leg may complete a +60% rise from the September 09 bottom.
As a result, our Target towards the end of Q1 2025 is $235.00.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Google - It Is Bullish Either Way!Google ( NASDAQ:GOOGL ) will follow one of two scenarios:
Click chart above to see the detailed analysis👆🏻
Google just perfectly followed the anticipated bullish break above the previous all time high, the retest and the bullish continuation towards the upside. Even if we see another retest of the breakout level, Google remains in an overall uptrend and the path of least resistance is higher.
Levels to watch: $200, $150
Keep your long term vision,
Philip (BasicTrading)
GOOGLE Rockets! 15-Min Surge Hits All Targets – What's Fueling?ALPHABET (GOOGLE) Analysis:
Alphabet Inc. (GOOGL) experienced a powerful upward movement in the 15-minute timeframe, achieving all set profit targets with ease using the Risological Swing Trader.
The momentum from a strong earnings report has aligned with a positive risk sentiment across US equity indexes, sparking increased buying interest in tech giants like Alphabet.
Here’s a breakdown of the trade and supporting market context:
Entry : $164.75
Targets Achieved:
TP1: $167.07
TP2: $170.81
TP3: $174.56
TP4: $176.88
Stop Loss (SL): $162.87
Market Sentiment:
Recent quarterly earnings reports have fortified investor confidence, with broader equity indexes advancing. Alphabet's strong fundamentals and growth projections contributed to the bullish sentiment, encouraging traders to follow through on this aggressive buying trend.
With all targets hit in a single session, this upward momentum for Alphabet highlights robust institutional interest and solid fundamentals. Keep an eye on further tech earnings, which may continue to impact Alphabet's trajectory in the upcoming sessions.
Alphabet Inc. (GOOGL) Shares Rise to $180Alphabet Inc. (GOOGL) Shares Rise to $180 Following Earnings Report
On September 10, we noted that GOOGL shares:
→ Were forming an ascending channel (highlighted in blue on the chart below, updated with the latest trading data);
→ Could begin to rebound from the psychological support level of $150 (indicated by an arrow).
Since then, the price did indeed turn upward from that level, fluctuating in October between a support level of $160 and a resistance level of $168, signaling a supply-demand equilibrium.
However, this balance now appears to be shifting, as Alphabet Inc. (GOOGL) released its Q3 earnings report post-market yesterday, surpassing expectations:
→ Earnings per share: actual = $2.12, expected = $1.84
→ Gross revenue: actual = $88.27 billion, expected = $86.39 billion.
Investors were likely encouraged by the company’s statement that its AI investments are "paying off." Consequently, Alphabet's shares rose to $180 in after-hours trading, suggesting a likely opening at this level in today's main session.
Today’s technical analysis for GOOGL suggests that trading will likely open with a bullish gap, as:
→ The price breaks above its range, crossing the $168 resistance;
→ It reaches the median of the long-term ascending channel, where a new buyer-seller consensus may form.
If this bullish sentiment persists, GOOGL's price may continue climbing toward its historical high near $190 this year.
According to a TipRanks survey:
→ 22 out of 28 analysts recommend buying GOOGL shares.
→ The average 12-month price target for GOOGL is $201.54.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Alphabet (Google) Cup and Handle Bullish Technical FormationIn the domain of technical analysis of market prices, a cup and handle or cup with handle formation is a chart pattern consisting of a drop in the price and a rise back up to the original value, followed first by a smaller drop and then a rise past the previous peak. It is interpreted as an indication of bullish sentiment in the market and possible further price increases.
The cup part of the pattern should be fairly shallow, with a rounded or flat "bottom" (not a V-shaped one), and ideally reach to the same price at the upper end of both sides. The drop of the handle part should retrace about 30% to 50% of the rise at the end of the cup. For stock prices, the pattern may span from a few weeks to a few years; but commonly the cup lasts several months, while the handle should last for a shorter time.
A cup and handle formation is considered significant when it follows an increasing price trend, ideally one that is only a few months old. The older the increase trend, the less likely it is that the cup and handle will be an accurate indicator. The trade volume should decrease along with the price during the cup and should increase rapidly near the end of the handle when the price begins to rise.
The main technical graph for Alphabet Inc (Google) stock indicates on Cup and Handle Bullish Technical formation, since the price rose heavily over 2-years period of time (mid-2022 to mid-2024), and then 0.382x Fib retraced so far from its historical peaks.
This one can be entitled for so-called "cup and handle" respectively, with a further upside potential.
GOOGL Alphabet Options Ahead of EarningsIf you haven`t bought the dip on GOOGL:
Now analyzing the options chain and the chart patterns of GOOGL Alphabet prior to the earnings report this week,
I would consider purchasing the 165usd strike price Puts with
an expiration date of 2024-11-1,
for a premium of approximately $4.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Alphabet ($GOOG) Faces Pressure Amid DOJ Antitrust MovesAlphabet Inc. (NASDAQ: NASDAQ:GOOG ), the parent company of Google, is feeling the heat as the U.S. Department of Justice (DOJ) pushes for antitrust action that could fundamentally reshape the tech giant. On Tuesday, October 8, the DOJ filed court documents urging a federal district judge to consider structural remedies for breaking up Google's core businesses. This marks the most significant antitrust prosecution in over three decades since the Microsoft case in the 1990s. Now, Alphabet finds itself on a path that could lead to the breakup of its lucrative search and advertising empire.
DOJ’s Move to Break Up Big Tech
In the latest filing, the DOJ outlines the harms it believes Google’s business practices have caused in four key areas: search distribution, search results generation, advertising scale, and data usage. The remedies the DOJ is considering include contract requirements, non-discrimination product mandates, data-sharing, and even breaking up parts of the company.
Google (NASDAQ: NASDAQ:GOOG ), in response, has warned that these measures could harm consumers, businesses, and developers. The company argues that the rise of competitors, coupled with emerging technologies like AI, means that competition is already flourishing. Nevertheless, the DOJ contends that Google’s dominance is not the result of its innovation alone but stems from years of anti-competitive practices designed to stifle rivals and maintain its hold on the market.
This case could potentially change the future of the tech industry by opening new opportunities for competitors and shaking up how large platforms like Google operate.
Implications for the Tech Sector
The DOJ's lawsuit is not just about Google; it’s a signal of a broader regulatory crackdown on Big Tech. If the court rules in favor of the DOJ, it could set a precedent for how antitrust laws are applied in the digital age, especially concerning data and artificial intelligence.
One of the key aspects of the case is Google's use of data to fortify its dominance in search and advertising. Google controls vast amounts of data that it uses to enhance its algorithms, making it difficult for competitors to keep up. As AI-driven insights become central to business strategies, the outcome of this case could shape how data is regulated and shared within the tech ecosystem.
This case will also likely influence other tech giants like Meta (formerly Facebook), Amazon, and Apple, all of whom have faced similar accusations of monopolistic practices. The question of whether Big Tech will be forced to downsize could lead to ripple effects across the entire industry, possibly igniting a new era of competition and innovation.
Technical Outlook
On the technical side, Alphabet’s stock (NASDAQ: NASDAQ:GOOG ) is showing signs of weakness. As of today, the stock is down 2%, reflecting market jitters over the potential antitrust breakup. Currently trading near $148, Google shares are hovering close to their 1-month low.
The technical indicators paint a bearish picture for Alphabet (NASDAQ: NASDAQ:GOOG ). The stock is trading within a confined zone, with its moving averages forming a perpendicular alignment—typically a signal of consolidation and uncertainty. The Relative Strength Index (RSI) is at 46, which suggests that momentum is waning, but the stock is not yet oversold. A bearish harami candlestick pattern has also formed, which is a reversal signal indicating that the stock could continue to trend downwards.
A break below $148 could trigger further selling, as investors may lose confidence amid the legal uncertainties. The stock is trading close to its 200-day moving average, a critical support level, and any significant move below this level could accelerate the sell-off.
A Potential Game Changer for Google
Google (NASDAQ: NASDAQ:GOOG ) remains one of the most profitable companies in the world, with its search and advertising businesses driving the majority of its revenue. However, the DOJ's push to break up these core businesses could result in significant revenue losses and operational changes. If the court rules in favor of the DOJ, Alphabet (NASDAQ: NASDAQ:GOOG ) could be forced to divest some of its most profitable divisions, fundamentally altering how it operates.
The case also raises broader questions about the future of data-driven businesses. Google’s ability to collect and use data at scale has been one of the main drivers of its success. If the company is forced to share data with competitors, it could level the playing field and create new challenges for Alphabet’s business model.
The Road Ahead for Alphabet Investors
For investors, the ongoing legal battle introduces substantial uncertainty. While Alphabet (NASDAQ: NASDAQ:GOOG ) remains a powerhouse in terms of innovation and financial strength, the potential for a breakup and increased regulation poses significant risks. The outcome of this case could reshape the company's future and set new precedents for the entire tech industry.
The next major milestone in this case is the DOJ’s proposed final judgment, expected in November. Until then, Alphabet's stock will likely experience increased volatility as investors weigh the potential impacts of a breakup on the company’s long-term profitability.
MAGS (Roundhill Magnificent Seven ETF)... Time to BUY? YES!!The Roundhill Magnificent Seven ETF offers equal weight exposure to the “Magnificent Seven” stocks – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. MAGS is the first-ever ETF to track the Magnificent Seven.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Alphabet (GOOGL): Gap Fill and the Future of Wave (2)We remain convinced that Alphabet is currently in Wave (2) after the well-defined end of Wave (1) at $197. Following that, we saw a sharp and fast sell-off, which looks more like a Wave A rather than the full Wave (2). This is further supported by the fact that the sell-off respected the 38.2% Fibonacci retracement level perfectly, a typical level for Wave A.
We still have an open gap above, and we believe this should get filled, especially considering the nature of Wave A. We're expecting Wave B to reach between the 61.8% and 78.6% Fibonacci retracement levels. Right between these two levels lies the gap, making it highly likely that this gap will get filled before we continue the downtrend.
Looking further ahead, if you're asking where we would consider buying shares, there are two potential opportunities. The first is around the 50% Fibonacci retracement level and the Point of Control (POC), and the second is lower in what we call the "Great Buy" zone, between $116 and $100. While this might seem like a significant drop, we saw a similar decline in 2022, so nothing is off the table.
We'll keep monitoring this closely for you.
GOOGLE.... Go Long!After the bullish BOS, sweeping all of the external liquidity, price returned to the breakout level to find support at the +FVG.
Also worth mentioning, price retraced to the OTE fib level of .705, as well.
The reaction is a good one, as last week's candle had a strong, bullish close.
The outlook is bullish. Longs only.
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
GOOGLE: The 3rd major bullish wave begins.Google is just turning from bearish to neutral today on the 1D time-frame (RSI = 44.178, MACD = -4.950, ADX = 38.408), same situation also on its 1W outlook, as the stock recovers from the 1W MA50 breach last week. The green weekly close today is positive as it restored the price back inside the 2year Channel Up. A second straight green candle next week, will validate the start of Google's new 250day bullish wave, with the two before it rising by approximately +60% each.
If you are a long term investor, wait for next week's candle close and if green, buy (TP = 230.00).
See how our prior idea has worked out:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
GOOGLE You can still catch this BUY to based on these indicatorsAlphabet Inc. (GOOG) is in the process of forming a bottom following the July and early August correction. Technically it has already priced the new Higher Low (green Arc) on the 20-month Channel Up but is underperforming relative to the rest of the tech sector.
This is why it hasn't yet broken above the 1D MA100 (green trend-line) but this isn't at all discouraging. Every break within this long-term Channel Up below the 1D MA100 and subsequent recovery above it, confirmed the start of its new Bullish Leg. This has only taken place when the 1D MACD formed a Bullish Cross below the 0.0 mark, which last took place on August 16.
The above occurrences indicate that it is not late to catch this unique long-term buy on Google. Following the October 27 2023 Low, the first High it made was after a +28.14% rise. As a result our first long-term Target is $200.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Alphabet & Tesla push All The Bigtech into Bearish MarchIndexes end lower as investors brace for major earnings results
After the closing bell, Tesla and Alphabet released their second-quarter performance.
Investors were especially attentive to the carmaker, looking to see if its performance has improved since the start of the year. Tesla was battered by a slew of headwinds in the first quarter, but investors have since grown bullish on the flagship EV manufacturer.
The two firms are the first of the Magnificent Seven tech stocks to release their earnings.
Unfortunately they both did not deliver strength, so it breaks the momentum to the tech rally.
Tesla shares fall nearly 9% in premarket trading after earnings miss
Tesla shares dropped in premarket trading in the U.S. after the electric car maker reported second-quarter earnings that missed expectations, as its auto business continued to face pressure.
Elon Musk’s electric vehicle company reported that automotive revenue declined 7% year on year in the June quarter to $19.9 billion, while its adjusted earnings margin also fell.
Bulls and bears have been in a grapple over the stock, with some believing the company’s core car business is under pressure, while others held hope about a future Musk has promised around autonomous driving.
Alphabet (GOOG, GOOGL) shares fall nearly 4.5% in premarket trading after earnings report
Alphabet earnings top estimates as cloud business gains steam, AI losses grow.
Google parent Alphabet reported its fiscal second quarter earnings after the bell on Tuesday, beating analysts' estimates on the top and bottom lines as its cloud businesses continue to pick up steam, topping the $1 billion mark for operating profit for the first time.
For the quarter, the company saw earnings per share of $1.89 on revenue of $84.7 billion. Analysts were anticipating earnings per share of $1.85 on revenue of $84.3 billion, according to data compiled by Bloomberg. That's a jump from the same period last year of 31% and 14%, respectively, when the company reported earnings per share of $1.44 on revenue of $74.6 billion.
Advertising revenue topped $64.6 billion versus analysts' expectations of $64.5 billion, and up from $58.1 billion last year. YouTube ad revenue, however, fell short, with the segment bringing in $8.66 billion versus expectations of $8.95 billion.
Technical thoughts
What is next? Hmm.. I think more Bulls & Bears are to run.
The main graph Nasdaq-100 Sept'24 Futures contract (NQU2024) indicates on strong Bearish Momentum.
This is all because of 50-Day SMA breakthrough, as well as breakthrough of major 3Mo old upside channel.
$GOOGL - strong pullback but long term uptrend intactStrong earnings surprise for previous few quarters, and strong uptrend intact as shown by 50 and 150SMA trend lines. Short term pullback is a great time to add onto current NASDAQ:GOOGL positions, 150SMA act as strong support at USD 160 also with forward EPS expected to be approx USD 8 it indicates a great value to add NASDAQ:GOOGL at USD 160 as it reflects 20X fair value multiple
NAS100 US100 NASDAQ - LONGHi guys!
After the crazy political events (Biden resignation, Trump win odds around 60% - Kamala 30-35%) - The NASDAQ has reached my levels of interest for LONGS.
Area I marked on the chart is the first point I started building the long position .
I want a nice swing position for a 2% move up minimum (50% FVG) with a chance to reach All time highs supply area possibly .
Please note:
- Alphabet (GOOGLE) and Tesla (TSLA) earnings report on Tuesday after session,
- Observe the political stage and the odds.
GOOGLE Correction completed. Buying again for a $210 Target.Last time we made a call on Alphabet Inc. (GOOG) on July 11 (see chart below), we caught the most optimal sell entry, right at the top of the 21-month Channel Up:
The price not only broke below the 1D MA50 (blue trend-line) for the first time since March 15, but today almost touched the 1D MA100 (green trend-line), which is holding since March 12.
This correction is consistent with the mid Bullish Leg pull-back that bottomed on July 11 2023 and then moved on to complete a +37.69% rise from the previous Higher Low. As a result, we think this is the best level to buy again and target $210.00 (+37.69% rise from the April 25 Higher Low.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
GOOGL Alphabet Options Ahead of EarningsIf you haven`t bought GOOGL at the start of the reversal:
Now analyzing the options chain and the chart patterns of GOOGL Alphabet prior to the earnings report this week,
I would consider purchasing the 200usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $7.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.