ALPHABET INC., Google's parent company, is no exception to what is coming to conventional markets. There are many very strong signals pointing towards a crash... and this crash is already on its way.
GOOGL has already dropped by over 18% since hitting a All Time High on the July 2018... More red is on its way.
Let's take a look at the signals for learning and ...
After the analysis made yesterday on the daily chart the price of google opened above it's previous resistance, this means the 1st trade is good to go, however as a good analyst one must always assume his position is wrong and look for further analysis to try and take cover from any unforsean threats. On this analysis I marked the significant support and resitance ...
after a large drop google seems to be gaining some momentum to the upside as there is no overextension on the rsi and there is also a price and momentum divergence which is considered a bull signal. Id refuse to buy at market price given the risk of a correction wave pulling us out of the market. However breaking above the support and closing above without ...
Might be able to catch a bounce off weekly support here for $GOOGL. Buy zone is as shown. Not the best R/R. Also watching the markets in general. Tech sector has taken a hit in 2018. Will update position accordingly.
GOOGLE and AMAZON
On Wall Street, the USA500 closed 3.1% for the worse, and the tech-laden USA100 with a 4.6% loss. Corporate earnings and guidance have been flagging the nascent signs of a deteriorating business environment and outlook risks. As investors are loosing there faith in stock market, there pressure has moved to today's earnings reports, as two of ...
Looks like a very clear triangle, like every triangle it can always break out both ways. When looking at the bigger picture i would say we will break upwards to retest that red resistance zone, which would form a bigger bear flag if the gets rejected there. I will wait for a clear breakout before taking a position on this one.
In my chart analysis I indicated my future expectations for market movement.
I know that my perspective is that of the minority, but it's always worth looking at the market from a different perspective, as it may just save you from a massive loss.
As always this is simply for educational purposes and not financial advice*
Good luck trading,
October 25th google will post their earnings; I expect that they will be positive (along with many other leading tech sector companies). This will lead to one last rally in the market.
I indicated on the chart where I see Google reaching out to, prior to a massive throw over following shortly after. One second the whole market will be elated by new highs and the ...
GOOG bullish directional bias overall has my interest. Entered long off the .618 and again at .5 fib levels and will see how price holds above the 100 and 50 day EMA's. Target around $1240-$1250 resistance levels.
Stock Analysis, Implications and Outlook
It's a proven fact that investors and traders have been swimming in a long bull stock market. Together with extreme caution to the wind, way too many investors and traders have learned to expect robust double-digit results from their trades.
However, this isn't how the stock market operates. The marketplace advances it ...
GOOG Pulling back into structure
Now: an engulfing pattern on previous resistance zone, which means potential reversal.
GOOG is still on an uptrend so buy the dip!
Comment below if you have any thoughts on this!