In my previous analysis, I mentioned that a strong sales wave could come to the markets again, in this context, I expect a structure as I mentioned in the chart.. Ascending broadening wedge pattern is may trying to tell us something..
Never say never.. Markets will be very interesting after 6 months, we will wait and see.. I firmly believe that big crash will...
Today’s Technical Analysis – GOOGL – breaking a multi-year weekly resistance with strong volume. Consolidation and a retest of structure will confirm a new range.
Points to consider,
- Multiple weekly closes
- Strong volume
- S/R Flip retest (confirmation)
- Local high (blue sky breakout
GOOGL has closed consecutive weekly candles above...
✨ New charts every day ✨
Like, Comment & Follow to help the community grow 🎉🎉
Despite taking a hit on the ad side of the business, Google (GOOG / GOOGL) has had a textbook "V" shaped recovery (Or in this case, an upside down "A" recovery we could say). Can the bulls make the final push back to all time highs? One could argue the new stimulus package will...
after a bearish breakout of a major trendline, the market recovered.
it is back above it and buyers show their willingness to buy!
it looks like this breakout was fake, and yesterday's violation of a horizontal range on 4H confirms that!
now I believe that google may continue growing in value.
Welcome to Profitlio Trading!
What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work.
The continued trend is expected to show up a possible breakout on the key level sitting above. And will wait for the confirmation and entering in a perfect retest and reversal towards the market...
4H Chart Explanation:
- Price bounced on the Weekly Ascending Trendline and broke the Descending Trendline.
- Now, it is on a Corrective Structure.
- If price breaks it, potential to move up towards the Fibo Zones.
Google Market long term Analysis shows that the Market is Bullish, let's invest in the trend direction and just wait for the right signal to buy
Yesterday's earning report was "positive" with an earning for shear $9.87 (Earning per shear of the previous quarter was $15.35 - so 36% less).
The stochastic and Volume can indicate that there might be an immediate...
It´s insane how powerfull and quick the well known FANG Index is back on track at it´s AllTimeHigh $FB $AMZN $NFLX $GOOGL.
All of them have strong revenues, growth, profits and a chart, which knows only one way --> UP
Let´s see what´s coming next.
>> And never fortget ! -- Plan your trade and trade your plan ! <<
Please support my ideas by hitting the Like Button and subscribing - Thanks!
While we see dramatic developments regarding Corona Virus, there is also a silver lining:
Stocks are incredibly cheap.
While not all businesses are the same, they all are getting clobbered down, which is "unfair" towards some of them. We are going to take advantage of that.