GOOG trade ideas
Google: Bearish Deep Crab Dark Cloud Cover Type 2 Return EntryGoogle, after its initial bearish reaction to the PCZ, has returned to the PCZ as the RSI managed to make a 3rd lower high and is set up to give us an impulsive move downwards in the coming days. We also confirmed a textbook Dark Cloud Cover today after the rejection of the ascending trend line.
I think we will see extreme downside from Google pretty soon that will undo most, if not all of its 2023 upside price action.
GooglRising wedge here and a dark cloud cover daily candle.
Targets are
138 gap close.
Below 138 and we head straight for our 21ema at 135
Below 135 and 130-132 at play here..
Daily Rsi just hit our reversal
XLC sector which is the sector of Meta,googl, and NfLX just hit its supply zone with a bearish engulfing
GOOG: Darvas would have been super excitedThe leader is back!
This is one of the prettiest charts to look at.. and GOOG is a main component of my portfolio.
an interesting observation on super big volume trading days is that most of them recently are associated with days where the price didn't break the prior bar's low .. this is a good sign of accumulation. big money buying in relative short-term weakness ?
Watching for another level up and a breakout to new range above $140.0 - maybe this week's macros can be the catalyst ?
I am looking on a bullish continuation on GOOG.
As you can see here we have formed a couple of trendlines on the 4 hour chart. And If we can break the 139.97 level, we could possibly see a continuation on google. We also are above VWAP. And seeing that we have good momentum on my indicators I believe that we could see that very soon possible tomorrow. I would be looking for a breakout on the 5 minute chart for the perfect entry.
Confirming the buying Signal on alphabet Google I would like to revisit my analysis on Alphabet (Google) stock that I posted nearly a month ago and confirm it for three reasons:
1) After the market tested the trendline, it returned strongly to its bullish trend with significant momentum.
2) We are observing an increase in volume following the test of the trendline, indicating that buyers are stepping in, and they are likely to push the market towards its resistance level of $151.
3) As we can see, the market is respecting the pitchfork levels, so there is no reason to sell. The market should continue its bullish trend until it reaches $151.
Thank you for reading, and I'll see you soon."
GOOGLBroke down out of rising wedge & retraced back up to monthly supply. Currently rejecting. Not a bad short against the September highs imo.
GooGleI see bear . The retracement is way too high tho...
That is my current perspective and i am ready to be wrong. But shorting these areas wouldnt be a bad idea.
In ending contracting diagonals , every incoming wave should be smaller then the previous one.
Stay tuned, will count this beast...
GOOG Short - B wave completionLook for the B wave completion in the next few days. If this happens it would be good for a short down to $131. I would grab an option 2 Fridays out once this is confirmed.
GOOG - TREND REVERSAL SCENARIOA U.S. Justice Department lawyer questioned a Google executive in an antitrust trial about the company's tactics for increasing online advertising prices. Google's Vice President of Product Management, Adam Juda, testified that the company uses a formula involving ad quality to determine auction winners for website advertising. The Justice Department alleges that Google manipulates these formulas to benefit its own profits, a claim Juda disputed. He acknowledged that adjustments to the formula can impact pricing. Google has faced criticism for its lack of advertising transparency, with advertisers and website publishers accusing the company of taking too much revenue. This testimony shifts focus from Google's expenditures to maintain its search engine as the default on devices.
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Resistance OverheadGOOG fell from a bearish rising wedge.
Price appears to have hit support and recovered.
There is a structure forming but too soon to call it.
The bottom blue line of this structure and until the top or bottom line is broken, this possible pennant is neutral.
There is also a large cup but it is a ways to EL for the cup pattern.
No recommendation
GOOGLE ignoring the market and targets new All Time Highs!Alphabet Inc / GOOG is trading inside the well known Channel Up pattern from the bottom of the Bear Cycle and has established itself over the 1day MA50.
The 1day MA100 held the recent correction as it has been doing since March 15th.
The final box to check will be a 1day MACD Bullish Cross.
Buy and target a new All Time High at 155.
Previous chart:
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Alphabet down trendI saw a shooting star pattern appear at the top of the uptrend, and a bearish confirmation candle with a lot of force. Although the open price of the confirmation candle was quite high, the close price was very low. I believe that Alphabet stock will decline in the next sessions.
GooglComing up on Strong support here.
Expecting a dead cat range trade between 127-132 to form right shoulder before the next leg down via H&S
Stop loss 127.00
GOOGLE BEARISH CONTINUATION Google stock might continue fall as U.S. Sep consumer confidence index fell more than expected to a 4-month low.
GOOG - Why a 25% drop Is lurking in Google StockSometimes live can be simple.
This trade is simple to me.
Let's examine it:
1. Over all Indexes are not favoring the long side.
2. Price reached the Center line and get pushed back.
3. The Divergence in the RSI is significant.
...and the rest is Risk & Money management.
My stop goes a couple points above the last high.
But I probably play it with Options and give me at least 100 days to expiry (DTE).
Simple enough? §8-)
Happy trading folks.
GOOGL: Sell ideaSell idea on GOOGL as you see on the chart because we have the breakout with force the support line and the vwap indicator by a big red candle with a large red volume.Thanks.
GOOGL short - rising wedge paternHi traders
After reaching 0,786 fib level and completing the rising wedge pattern, GOOGL looks like it's ready to reverse the trend.
We've seen a very nice recovery but probably that's all for now and now it may be a time to short GOOGL.
RISING WEDGE seems to be completed and the price seems to be breaking down.
How to trade:
Take a short at the break down point if the volume increases.
You can also wait for a bearish retest of the resistance (previous support of the wedge).
Target for shorts: 103 -108$
stop loss: 141$
Good luck
GOOGL Demand Swing TradeGOOGL seeing support at it's daily demand zone from where price broke it's previous swing highs.
Entry: If we continue seeing $130 hold, could be a good entry for minimal risk and a good R:R.
Stop Loss: $129
Profit Target: $136 (below daily supply)
Alphabet Inc: A Deep Dive into the Pros and Cons of Investing...Alphabet Inc: A Deep Dive into the Pros and Cons of Investing in the Tech Giant
Alphabet Inc., the tech behemoth that's likely woven into your daily life through its various products and services, has quietly become a ubiquitous presence. While Alphabet has consistently delivered solid returns to investors, it's currently trading 8% below its all-time high. This begs the question: Is this dip an opportunity to acquire shares of one of the world's best businesses at a slight discount from its peak price? Let's explore both the bullish and bearish arguments for this leading tech stock.
The Bearish Arguments
1. Competition from AI Chatbots:
One immediate concern revolves around the growing popularity of OpenAI's ChatGPT, an AI-powered chatbot integrated into Microsoft Bing's search engine. Some bearish viewpoints suggest that this could pose a threat to Google Search, which has historically dominated the market. If Bing and similar AI-powered platforms gain traction, Google's search dominance could wane.
2. Regulatory Scrutiny:
Like many tech giants, Alphabet finds itself in the crosshairs of regulators, both in the United States and abroad. The company has faced substantial fines in the past and is currently under scrutiny by the Department of Justice over Google Search's alleged monopolistic position. Regulatory risks persistently hover over Alphabet, causing concern among investors.
3. Digital Advertising Slowdown:
Another immediate challenge is the significant slowdown in the digital advertising market. After posting robust revenue growth in previous years, Alphabet's sales increased by less than 10% in 2022 and only 5% in the first half of 2023. This exposes Alphabet's business to the cyclicality of the industry, as ad spending is easily cut back during economic downturns.
The Bullish Arguments
1. Incredible Dominance and Success:
The fact that Alphabet faces regulatory threats underscores the incredible dominance this company has achieved, arguably making it one of the most remarkable businesses in history. According to CEO Sundar Pichai, Alphabet boasts "fifteen products that each serve half a billion people and six that serve over two billion each." These staggering statistics showcase the extent of Alphabet's reach.
2. Financial Strength:
From a financial perspective, Alphabet's performance is remarkable. In the last quarter (Q2 2023), the company achieved an outstanding operating margin of 29% and generated a whopping $22 billion in free cash flow. Its balance sheet is exceptionally strong, with $118 billion in cash, cash equivalents, and marketable securities, compared to just $14 billion in long-term debt.
3. Economic Moat and Network Effects:
Alphabet's wide economic moat assures investors of its enduring dominance. Network effects form the foundation of its operations, with Google Search playing a pivotal role in organizing the ever-expanding pool of internet information. Greater usage attracts more advertising dollars, enhancing the company's scale and power.
4. Data Advantage and AI Leadership:
Alphabet possesses a significant data advantage that will only strengthen over time. This data empowers the company to refine targeted ads, enhance its products, and continually innovate. Alphabet is also well-positioned to be a leader in the AI landscape. AI technology is already integral to its services like Gmail, Maps, and YouTube, making it an "AI-first" enterprise poised for future growth.
Conclusion
Investing in Alphabet Inc. offers a blend of opportunities and challenges. While regulatory concerns and market fluctuations are immediate considerations, the company's remarkable dominance, financial strength, data advantage, and leadership in AI present compelling reasons to consider it as a long-term investment. As with any investment, conducting thorough research and weighing the pros and cons is crucial before making a decision in the ever-evolving tech landscape.
GOOG Entry, Volume, Target, StopEntry: with price above 133.74
Volume: with volume greater than 36.6M
Target: 142.95 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 133.75, 129.15 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and 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.
