Long term Long Postion GOOGL (QMMIF)

NASDAQ:GOOGL   Alphabet Inc (Google) Class A
80 0 0
Past price gives support at 793.29 that might become reistance. Support/Resistance (red)

The Fibonacci ratio % shows us a possible support at 777.05 there can be a loss of momentum and a bounce back between 38.29% and 50% ratio, passed this ratio the bears have enough momentum to drive price down to support 680.00 (blue), however unlikely.

The target price can be found after confimation of resistance at 777.85

Eliott wave theory shows us that the start of impulse waves began in august 2015, the correctionn wave followed in Febrary 2016. The next start of Impulse started at June 2016 (1st Wave).
After the Earning report of 27 october 2016, we are now in the 2nd wave which end a the fib ratio of 777.85. According to Eliott wave theory the longest wave is the 3 wave so this give space for a long postion.

If the Impulse wave and to its usual 5 a long postion will be the choice in the long run. The correction wave might occur in march 2017.

Caution to : Earning reports, most of the time they have showed to drive price down.

Comment: Friday 04/11/2016 first bullish candlestick which might be a loss of momentum for bears and the end of the 2nd wave.

This candlestick ended a few pips below the 38.2% Fibs.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out