Hello everybody, hope you all doing great, today I would love to share with you guys "my personal perspective" about Google and talk letter bit about the future price movement.
Now, you can see the price in the chart up is moving downward, basically Google has a really annoying Chart than ever, is this will effect on her price actions? Yes. because before traders make any kind of decision whatever if they wanna buy or sell they will take a look at the chart and see the price movement of the company or the asset, and I know Googles chart will make a lot of traders confuse because of the random movement "Note: I don't like this word (random) in trading, because I believe there's a reason for every move." but anyway;
Before we get into the "ER" and how it will make a big move to the price let me first take about the current price situation:
alright so we can see in the chat that the 20MA cross under the 80MA and for sure my "personal thoughts" saying this is not a good sign because the price now will have many challenges to achieve, like:
a) trying to not fall back to "Oversold area"
b) break $1105 level
c) Cross and close above 20MA
d) break $1166 level
e) break $1190 level
f) Cross and close above 80MA
And after all of this, we'll be able to see the price stars correction movements while the price moving in Stochastic from "Oversold are" into "Overbought"
Why "ER" will make a huge difference:
Okay so on 25 Oct "18 the ER will release and there are 4 days left for that. the release date will be on "Thursday" so 1 day before market close and this is good because we know how the stock market moving in "Friday" so I think bulls will pump a big amount of volume in Pre-market price so they can hand the 6 challenges that I've been mentioned. and Next month we can see a correction in progress.
So yeah, this is "my thought" about Google for the Next week, To the Next Sunday, have fun.
Now, you can see the price in the chart up is moving downward, basically Google has a really annoying Chart than ever, is this will effect on her price actions? Yes. because before traders make any kind of decision whatever if they wanna buy or sell they will take a look at the chart and see the price movement of the company or the asset, and I know Googles chart will make a lot of traders confuse because of the random movement "Note: I don't like this word (random) in trading, because I believe there's a reason for every move." but anyway;
Before we get into the "ER" and how it will make a big move to the price let me first take about the current price situation:
alright so we can see in the chat that the 20MA cross under the 80MA and for sure my "personal thoughts" saying this is not a good sign because the price now will have many challenges to achieve, like:
a) trying to not fall back to "Oversold area"
b) break $1105 level
c) Cross and close above 20MA
d) break $1166 level
e) break $1190 level
f) Cross and close above 80MA
And after all of this, we'll be able to see the price stars correction movements while the price moving in Stochastic from "Oversold are" into "Overbought"
Why "ER" will make a huge difference:
Okay so on 25 Oct "18 the ER will release and there are 4 days left for that. the release date will be on "Thursday" so 1 day before market close and this is good because we know how the stock market moving in "Friday" so I think bulls will pump a big amount of volume in Pre-market price so they can hand the 6 challenges that I've been mentioned. and Next month we can see a correction in progress.
So yeah, this is "my thought" about Google for the Next week, To the Next Sunday, have fun.
