Alphabet Overbought on Hourly AHead of QuarterliesGoogle is in the bullish area on the daily chart on the left. The hourly EMAs and stochastic are in bullish mode and potentially align short-term traders with the daily. The stochastic is above 80 level and maintenance here (blue arrow) increases the chance of a successful trade. However, the RSI is overbought (blue shaded area) and a pullback may give a better risk-adjusted entry, as the oscillator normalises. Trend following indicators may be useful in this case as a potential exit tool. Stop under hourly support in conjunction with risk management techniques. Revenue is expected to be $55.95bn ($38.3 bn) and EPS is forecast at $19.19 ($10.13).
Google possible scenarioGoogle weekly chart looks like moving in
an imaginary uptrend channel,
and likely in a position to complete W5 and also complete
the long term uptrend.
In lower Time frame it seems Google going to complete W3 of W5. 3300$ could be target for End of Wave 3 (top of small channel also expansion 161.8 of w.2)
and correction could be expected after that price.
WOW NLST!! +360% since June 25th buuuut . . Look at THAT TOP!! The long legged Doji may as well be a Gravestone / Orphaned Baby. There's a gap just under the daily low and after a 360%+ run from the 25th of June, it's gotta pull back from a $9.98 resistance. I left the Fib overlay intact from yesterday as it snap fits like a glove. Also, just look at the ski tips on those MA's (50/200). I've been watching this since last Fall and got it at $0.65. Super salty now cuz I sold at just under $3 to pile into something else. Looks like the lawsuit with Google will print some new highs in time but for now, the last valuation I saw was $4 by the analysts. We do have a gap still, down around $2.50 so we'll see what comes of that. Not investment advice, DYOR and Good luck!
$GOOGL continuing bull run through end of year?*Before reading the information in this please understand the risks associated with both the stock market and investing as a whole. ALWAYS do your own research; invest with conviction, rather than emotion.*
*Please understand I am in no way a professional and offering investment advice, all ideas shared are simply opinion.*
*I work with a team of individuals that does research into potentially undervalued publicly traded companies. We use a mix of fundamental and trend analysis to formulate a trading plan for our securities.*
Google ($GOOGL) is a company I will *probably* be holding for at least the next five years. This global technology powerhouse has been on a rampage this year, going up nearly $1000 in share price since the beginning of 2021, when the company still held a mighty impressive $1600 share price. They currently appear to have two bullish trends active, one long term starting in March of 2020, as well as a bullish trend started in January of this year.
Google is a global phenomenon, touching every country in the world; that in itself is a powerful intangible asset. This paired with their ability to smash estimated earnings on a quarterly basis, Google is the benchmark for success in the industries they touch.
If entry is secured in this price range, someone could see Google run close to 25% by the end of the year. Our price points are as follows:
ENTRY: $2520
STOP LOSS: $2300
TAKE PROFIT 1: $2800
TAKE PROFIT 2: $3100
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Google Alphabet 1W analysis 06/07/21Hello everyone , as we all know the market action discounts everything :) the stock doesnt seem to be falling off at all , no signs of a reversal yet and we are getting higher highs and higher lows, using the different tools of technical analysis we can see that the RSI is at an overbought state 77.78 and the STOCH is also at overbought state of the market , The price of the market is trending above the Moving average .
Fundamental analysis :
GOOGL's Return On Assets of 15.70% is amongst the best returns of the industry. GOOGL outperforms 88% of its industry peers. The industry average Return On Assets is -3.62%.
The Piotroski-F score of GOOGL is 5.00. This is a neutral score and indicates average health and profitability for GOOGL and GOOGL's Return On Equity of 22.33% is amongst the best of the industry. GOOGL does better than the industry average Return On Equity of 17.15%.
GOOGL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 49.64%, which is quite impressive, plus GOOGL is expected to show quite a strong growth in Revenue. In the coming 5 years, the Revenue will grow by 19.11% yearly.
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GOOGL - Target $2500I've been following google for a while and have made decent trades with it. Right now, I'm leaning toward us finishing a move before a larger downside correction. The structure looks ok from an EWT standpoint with decent subdivision.
Wave 3 target is sitting about $2430 before we start to coil and see a last move up to $2500 (or more).
Google long seeking TP 🎯Just before New York session open I wanted to share a google trade idea.
Currently been in this trade since the 16th of June.
I am using our reversal strategy that is still in the early stages of development.
Using customised RSI values specific to the instrument is the main feature for identifying trades.
Only just started using this strategy for stocks.
Entry details are shown on the chart.
Green line is take profit. Pink line is stop loss.
Trade history can be seen below this trade idea too for full transparency.
The back test for this stock is very solid in my opinion.
Any feed back from fellow stock traders hit the comment box below.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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The stats for this pair are shown below too.
Thank you.
Darren
$GOOGL ATH!All time highs today after that morning shake-out. Looked a little bit weak at first but came back strong and held the EMAs. A close above 2430 was the queue for a larger move towards 2450 as it cleared the 1.618 Fib level and confirms the continuation of the impulsive move upwards. The open tomorrow should tell us if this was just a test of the highs or if it will continue running. Early morning flows and market close flows are telling of the bullish bias that whales have on GOOGL. Those sweeps targeted the 2430 weeklies at open and the 2435 towards close.
Watch these patterns on GOOG! 👀Ok, GOOG has a head and shoulders in the 30min, and we see an advanced breakdown as well.
The RSI is not following the 4h chart as well. If GOOG triggers the head and shoulders in the 30 min, we’ll see a correction that could last for a few days. We were above the BB today too, indicating that any bearish sign trigger the pullback we are talking about.
This is not a sell sign yet, but we could see one soon! Oh, and no, I don’t believe GOOG will fail, please, but I think a correction will be very good for the stock. 😉
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
GOOGLE Signals showing further growth.Pattern: Channel Up on 1D.
Signal: Buy as the price is: 1) Still on the middle of the Channel, 2) The RSI not yet on its 10 month Resistance Zone, 3) The MACD is on a Bullish Cross.
Target: 2670 medium-term (the 2.0 Fibonacci extension, which has been met on all three previous Higher High waves of the Channel Up).
Useful facts: The 1D MA50 (blue trend-line) has been supporting since January 19, 2021. The last time none of the 1D MA50/ MA100 or MA200 were above the price was in April 21, 2020!
Most recent GOOGLE signal:
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Google - Broke through Symmetrical!-As one of the “four horsemen” of big U.S. tech stocks valued at more than $1 trillion in market capitalization, Alphabet GOOG, +2.74% GOOGL, +2.78% is among the largest companies in the world.
-Alphabet does lots of other things — from its Google Cloud web infrastructure efforts to its innovative R&D projects, such as Waymo self-driving cars
-Alphabet just wrapped up its fiscal first quarter and posted earnings at the end of April. As usual, the growth was significant as the dominance of its advertising platform continued without a hitch.
-Sales growth: Google Services - 34%, Google Cloud - %45.7, Other Bets - %46.7. Total Revenue: 34.4%.
-Google Services Total: 34%.
-Alphabet reports its sales in three segments: Google Services, which includes YouTube video ads as well as its ad network sales and its search-related ads, then the lesser segments of Google Cloud and a catch-all that’s simply called “Other Bets.”
-Sales comparison by category proves that the only thing GOOG investors really need to worry about right now is the advertising money it makes. And with an impressive 34% growth rate for the core business line, that’s not entirely a bad thing.
-It’s worth noting that Alphabet has decided to give investors a deeper understanding of its broad Google operations by breaking them out into four discrete subsegments. Those include search-related advertising served to people who visit the eponymous search engine, YouTube video ads and the Google Network, which plugs the company’s technology into third-party websites to present ads (and take a small cut of the revenue). These all roll together to create a collective Google Advertising group.
Discovery DISC.A - Mega Media Content King - HBO etc.The tech giants lack what Discovery has. CONTENT. Game of Thrones & Super Hero fans know what I'm talking about.
It's a new world. The #metaverse & #marijuanamovement. EPIC times.
#gnln
#thegem
Discovery & AT&T - Mega Media Merger - Streaming Wars Rising RSI and the recent MASSIVE SELLOFF to a NEW SUPPORT looks C/W. HBO fans rejoice. #watchthis
GOOD POSITION!INCREASE IN SALE ACCOMPANIED BY A GOOD TECHNICAL POSITION
MORE THAN 100 PERCENT IN NEXT WEEKS IS EXPECTED ;)