Calendar CallSPX bearish bias and google going higher than other stocks with a sell zone active on weekly time frame I am going for CALENDAR CALL strategy for goole before earnings week
GOOGL trade ideas
GOOG “Google”……”Cup and Handle”Google formed a “Cup and Handle” Pattern……Broke and retest highs……we could see GOOG “Google” go on a nice run soon……let’s see how this one plays out!
GOOG- a cup and handle in formation LONGGOOG on the daily time frame showa a cup and handle pattern beginning at the November 21
high from the uptrend out of the Covid "crash" Price has printed the cup and returned to the
same price level of about 150 ; A handle is forming now. The cup and handle pattern forecasts
a bullish continuation from that price level to the extent of the height of the cup. Accordingly,
this would be from about $ 150 to about $220.
Daily charts have high reliability as do cup and handle patterns. The RSI indicator shows
strength in the 50-60 range so GOOG has a long way to go before being overbought. .
Once price is over $ 150, I will initiate a position on GOOG shares and look to also take call
options striking $150 for late 2024 or 2025.
GOOG- now at ATH completing A Cup and Handle LONGGOOG as shown on the daily chart has completed a cup and handle and has the momentum
of moving up to its previous ATH set 2/1/24 and November '21. This could forecast bullish
continuation to add $50-70 onto current price as so 30% onto the market cap. GOOG has
been relatively stable in the current general market environment. Earnings are coming in
three weeks. Google is dependent on ad revenues primarily and so its income stream is
relatively narrow focused no matter the variety of its services. I will take a long trade
here expecting good price movement heading into earnings with a trim of the position
just before earnings and stop loss adjustments at increments to diminish.
Alphabet Inc (Google) Class AWeekly chart in logarithmic scale.
Friend indicator @Julien_Eche
1. Overall Trend:
- The chart shows a long-term bullish trend for Google's (GOOGL) stock. The share price has seen steady progression from 2009 to 2024.
2. Trading Channel:
- A well-defined trading channel can be identified, with parallel trendlines that establish the range of fluctuations in the long run.
- The price moves within this channel, with regular bounces off the support and resistance lines.
3. Consolidation Phases:
- Some consolidation phases are observed, where the price has seen lateral movements, such as in 2011-2012 and 2018-2019, before resuming the uptrend.
4. Upside Potential:
- Currently, the price seems to be near the upper limit of the channel, suggesting limited upside potential in the short term.
- However, the trading channel implies the possibility of continued long-term bullish trend, if the price can decisively break above this current resistance level.
In summary, the chart displays a long-term bullish trend for Google's stock, with a well-established trading channel that frames the price fluctuations. This suggests further upside potential, provided the price can overcome the current resistance.
Make up your mind before placing an order.
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Alphabet Inc. (GOOGL) Stock in Focus.In this session, we've witnessed Alphabet Inc. (GOOGL) closing at $150.53, down by 2.83% from the previous close. Our technical analysis aims to dissect Alphabet's current chart patterns and indicators to guide prospective market insights.
Ichimoku Cloud Analysis:
GOOGL's price is floating above the Ichimoku Cloud, indicating a bullish trend in the intermediate term. However, it's crucial to observe that the price is in proximity to the cloud. A break below could signify a trend reversal, while remaining above the cloud supports bullish sentiment.
Bollinger Bands:
The stock price is currently trending towards the upper Bollinger Band, suggesting it is approaching potentially overbought levels. Given the price pullback on the most recent trading day, investors may watch for stabilization or a bounce off the moving average to maintain bullish control.
Fibonacci Retracement Levels:
The Fibonacci retracement, drawn from a swing low of approximately $127.85 to a swing high near $151.78, provides key levels of support and resistance. With the price hovering above the 61.8% retracement level at $138.48, this area serves as an important support zone for any pullbacks.
Volume Analysis:
The volume shows noticeable spikes on certain days, indicating specific sessions of heightened trading activity. This increased volume, particularly on up days, typically signifies strong buyer interest.
RSI (Relative Strength Index):
The RSI indicator is hovering around 57.44, which leans toward the higher side of the neutral range but is not yet in the overbought territory (typically considered to be above 70). This suggests there is room for potential upside before the stock becomes overextended.
Earnings Overview:
Alphabet's quarterly financial performance, revealing a downtrend in revenue and net income over the past quarters. The net margin percentage has also shown a decline. This financial trajectory may influence investor sentiment, possibly leading to increased volatility in the stock price.
Conclusion:
Alphabet Inc. (GOOGL) maintains a bullish stance from a technical standpoint, primarily supported by its position above the Ichimoku Cloud and the recent trading above key Fibonacci levels. Nonetheless, the recent downturn in price coupled with declining financial performance could cause concern.
Investors should monitor whether the stock will hold above the Ichimoku Cloud and the 61.8% Fibonacci retracement level to confirm bullish persistence. A continued RSI under 70 allows for a bullish interpretation but warrants vigilance against potential reversals, especially if the earnings trend continues its downward slope.
Market participants may consider this an opportune moment to scrutinize Alphabet's ability to sustain its current levels or if market conditions might compel a reevaluation of the bullish sentiment.
Please note, the provided technical analysis is for informational purposes and should not be taken as financial advice. Always conduct thorough research and consider financial advisories before making investment decisions.
GOOGL : Target 200$ based on Fib ProjectionGOOGL : Target 200$ based on Fib Projection
Previous High of 153$ to 154$ made during Jan end 2024 is overtaken and a new high is made. With this, it looks attractive to target the Fib Projection of 1.78 at 200$
Daily TF :
for understanding the smaller TF than weekly
Google's Gamble: Will Users Pay for Premium AI-Powered Search?Google ( NASDAQ:GOOG ) is reportedly exploring the possibility of charging users for access to new "premium" search features driven by generative AI technology. This potential pivot marks a significant departure for Google ( NASDAQ:GOOG ), as it considers putting a portion of its core Search product behind a paywall for the first time. As Alphabet Inc ( NASDAQ:GOOG ) shares initially surged on the news before retracing, the market is abuzz with speculation about the implications of this strategic shift and its potential impact on Google's bottom line and the broader digital ecosystem.
The Premium Search Paradigm:
According to a report by the Financial Times, Google ( NASDAQ:GOOG ) is mulling over the introduction of premium search features powered by generative AI, with options including integrating these capabilities into its existing premium subscription services. This move would represent a paradigm shift in Google's approach to monetizing its core Search product, potentially unlocking new revenue streams while offering users enhanced functionality and insights.
Navigating Uncertainty:
While engineers are reportedly in the process of developing the technology necessary for a paid service feature, executives have yet to make a final decision on its implementation. This uncertainty underscores the complexity of the decision and the potential risks and rewards associated with monetizing Google's search capabilities. As Google ( NASDAQ:GOOG ) weighs its options, industry observers are closely monitoring developments and speculating on the potential ramifications for the company's business model and competitive positioning.
Competition in the AI Search Arena:
Google's exploration of premium AI-powered search features comes amidst intensifying competition in the AI search space. Microsoft's launch of Copilot, an AI-powered search tool leveraging OpenAI's ChatGPT technology, signals the growing convergence of AI and search technology. With Google's traditional search engine generating substantial revenue from ads, the introduction of premium features could represent a strategic countermove to maintain its competitive edge and capture additional market share in the evolving digital landscape.
Financial Implications:
Google's Search business and related ads accounted for a significant portion of Alphabet's total revenue in 2023, highlighting the critical role of Search in driving the company's financial performance. The potential introduction of premium search features could have profound implications for Google's revenue diversification efforts and its ability to monetize user engagement. While initial market reaction to the news was positive, with Alphabet shares surging before retracing, the long-term implications remain uncertain as investors assess the potential risks and rewards of Google's strategic pivot.
Looking Ahead:
As Google ( NASDAQ:GOOG ) navigates the complexities of monetizing its search capabilities, the company faces a pivotal juncture that could shape the future of online search. Whether users are willing to pay for premium AI-powered features and how competitors respond to Google's strategic move will be key factors shaping the outcome. As Alphabet shares fluctuate in response to evolving market dynamics and regulatory scrutiny, the broader implications of Google's potential pivot in search monetization will continue to unfold, offering insights into the evolving dynamics of the digital economy.
GOOGLE $GOOG - Feb. 26th, 2024GOOGLE NASDAQ:GOOG - Feb. 26th, 2024
BUY/LONG ZONE (GREEN): $144.50 - $154.80
DO NOT TRADE/DNT ZONE (WHITE): $139.60 - $144.50
SELL/SHORT ZONE (RED): $131.15 - $139.60
Weekly: Bullish
Daily: DNT
4H: Bearish
The zone around $140 has been supported to the bullish side three times since Jan. 17th, 2024. Currently price is back at the zone after creating bearish structure on the 4h timeframe with strong downside momentum. Price has respected the level at $146.10 to the bearish side and broke below the $144.50 on the daily timeframe which is the start of the DNT zone and the potential start of entry into the bearish zone.
Bulls can look for rejections up from the $140 area or breaks above the $144 level/structure (daily timeframe). Bears can look for continuation below the $140 area or a pullback and rejection of the $144 level (daily timeframe).
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
GOOGL to Low $100s?Overview
Google ( NASDAQ:GOOGL ) is in the dangerous territory of a double top formation. I've discovered this same macro-pattern with a few other assets as well. In combination with a rise in long-term Treasury Yield Curve rates since December 2023, I think a rush of selling pressure could be around the corner.
Technical Analysis
Utilizing Fibonacci retracement levels along with historical supports & resistances, the $126-136 range appears to be a key level in the share price. The double top formation is a bearish reversal pattern that resembles the letter "M" and, when valid, the second peak is greeted with significant selling pressure. According to technical indicators GOOGL is beginning to reveal the symptoms of a bearish reversal.
The share price has risen on dwindling volume, Money Flow Index (MFI) is approaching overbought territory, and the On-Balance Volume (OBV) is still under a ceiling created in March 2022. A rising wedge is also visible on the hourly charts with a micro Head & Shoulders in development. Should a high volume breakdown occur then I believe a price target range between $109-126 is probable, however, I am expecting adequate support around $126 as it correlates with both a 61.8% Fibonacci level and has history as a key area of support & resistance.
Speculations
Earnings season is a great time to profit from derivative trading, however, it can also be more treacherous due to the volatility most stocks experience in the days leading up to and immediately following their Quarterly Releases. Because GOOGL is having their Earnings Call in the next few days, I would not be surprised to see sharp price movements in either direction regardless of the current trends. Concrete stop-losses and price targets should be determined before entering any positions.
HOW-TO: Trade-o-Scope Highlight IntervalsThis is a short HOW-TO on using the Trade-o-Scope "Highlight Intervals" indicator
GOOGLE $GOOG Cup and Handle FormationKeep and eye on this one, specially in the AI play, they do have one if not the biggest data of all time, a Cup and handle formation is forming here.
As a stock forming this pattern tests old highs, then some price consolidation before advancing higher ( check NASDAQ:MSFT on the weekly time frame very very similar)
NASDAQ:GOOG this week found support at the 200 SMA ( or 40W MA )
**This is not a financial advice, it's intent for information purposes only. Do you own search.
GOOGL forming Morning Star Candle pending confirmationGoogle weekly chart still uptrend, bullish but Bearish volume (-ve FiFT)
Weekly closing forming Morning Star reversal candle. Pending confirmation if next week close above 143.
MCDX Banker is very strong with 72% but below average - weak
Plan - Looking for opportunity to Buy on Dip above 143.
(Google form small Support / Resistant levels at every 15$ range 105, 120, 127, 140, 155...)
GOOGL April 1, 2024: Breaking Into New HighWell, the title pretty much tells everything I want to say.
I enter a position here at the new high!
NASDAQ:GOOGL
A stock breaking into a new high might go up a lot further.
I have no idea this breaking out will fail or not. Just try to follow the trend.
GOOG - 65m H&SPattern confirming that price found a resistance.
For me, stronger signal here would be RSh breakout.
$GOOG tight tight longNASDAQ:GOOG getting tight here, just under ATH, I am long here to see if it breaks that level
Is Google @ $152 The Best Stock Pick?Yesterday I hoped on my PC,
to find a stock to trade,
plug in the requirements on the scanner
paused and waited and then viola
I saw Google appear
so what happened?
Google NASDAQ:GOOG is in a momentum trade meaning it is trending upward,
The Momentum is the leading tool I used to find this stock
if you want to learn more about momentum trades then
you need to learn about the rocket booster
strategy check out the resources below.
Rocket boost this content to learn more.
DIsclaimer: You will lose money from trading please practise risk management this is not financial advice.
GOOGL at the top maybeIt may be at its peak and begin a downtrend. I hope it breaks thru and continues upward so i can jump on for the ride.
Quick Lesson on How to Play Gaps in Price Action This video breaks down the gap fill strategy that i like to use and shows the example of how NASDAQ:GOOGL reacted to the price and where we can look to take advantage of these price moves. Remember that nothing is for certain! Trade Safe!
GOOGL - Weekly chart tells us a lot. Tapering being provenWe may be transferring control from our strong buying magenta to our tapered green continuation - and that means one thing - More liquidity needs to be built.
If we do see this rejection off green (proving it's in control) we will look for a controlled selling back to try and get picked up by our magenta stronger buying.
See you all live at 9:30 AM!
Happy Trading :)
What Next?It's clear to me we have completed 5 waves up - what comes next will be dependent on time - as it says if we can't make a new high before the 10th of April expect this to fall a lot - ( I have this date marked with a vertical line on chart).
Alphabet aka Google - Looks Beautiful!#Google @sundarPichai #mustbuy
Google looks great on chart. This can be long at current market price (CMP), with a SL below 135 with an initial target of 215 and more!
#mustbuy
