Hey everybody, today I would like to talk about Google after 8 days of Earning Report has been published.
Now, I've already mentioned in my last Idea that I wrote about Google 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".
I also mentioned a set of obstacles that will face price moves as: "
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 if you take a look at the chart you can see that when Google price gets into one of these challenges the price get tired and weak so it fall down again and on and on..
So, Why Google price is so weak right now?
In fact, at the moment there are many factors affecting the price of Google, including the quality of the bad news, since after Google revealed the latest phones (Pixel 3 and Pixel 3XL), the reactions were bad about these devices because of the external design Of the phone and of course, the price of the company stock will be affected in the current period any news, whether positive or negative.
This is also directly related to the liquidity flowing into the stock.
I have already mentioned that Google is one of the largest technology companies in the world, but as far as the stock market is concerned, Google shares suffer significantly from the weakness of liquidity flowing to it, where the average volume of folium in the last 10 days To 2.425M. These figures are very small compared to the rest of the leading companies.
The second factor that affected the movement of the stock is the inability of traders to trust the big movement of the share, I mean that most traders on Google shares are seeking to close their balconies on a daily basis for this reason we see sharp fluctuations in the value of the stock, so those wishing to do long trades hope or open deals up To six months or more, they will decline due to weak returns for this type of deals.
Future expectations:-
In addition to the challenges that will face the price in the next phase, which I wrote in my previous idea, which is called "GOOGL: 'ER' EXPECTATIONS", I can see that the price movement is promising as the stock is now "Oversold" in the weekly chart. the price tried to break 80MA but was refused to penetrate by the bulls and this indicates the desire of the bulls to perform a correction Masari during the coming period.
So yeah, this is "my thought" about Google for the Next period, To the Next Sunday, have fun.
Now, I've already mentioned in my last Idea that I wrote about Google 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".
I also mentioned a set of obstacles that will face price moves as: "
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 if you take a look at the chart you can see that when Google price gets into one of these challenges the price get tired and weak so it fall down again and on and on..
So, Why Google price is so weak right now?
In fact, at the moment there are many factors affecting the price of Google, including the quality of the bad news, since after Google revealed the latest phones (Pixel 3 and Pixel 3XL), the reactions were bad about these devices because of the external design Of the phone and of course, the price of the company stock will be affected in the current period any news, whether positive or negative.
This is also directly related to the liquidity flowing into the stock.
I have already mentioned that Google is one of the largest technology companies in the world, but as far as the stock market is concerned, Google shares suffer significantly from the weakness of liquidity flowing to it, where the average volume of folium in the last 10 days To 2.425M. These figures are very small compared to the rest of the leading companies.
The second factor that affected the movement of the stock is the inability of traders to trust the big movement of the share, I mean that most traders on Google shares are seeking to close their balconies on a daily basis for this reason we see sharp fluctuations in the value of the stock, so those wishing to do long trades hope or open deals up To six months or more, they will decline due to weak returns for this type of deals.
Future expectations:-
In addition to the challenges that will face the price in the next phase, which I wrote in my previous idea, which is called "GOOGL: 'ER' EXPECTATIONS", I can see that the price movement is promising as the stock is now "Oversold" in the weekly chart. the price tried to break 80MA but was refused to penetrate by the bulls and this indicates the desire of the bulls to perform a correction Masari during the coming period.
So yeah, this is "my thought" about Google for the Next period, To the Next Sunday, have fun.
