Same as FB and AMZN Google's trend is dead. Gap is smiling at us at 850, could go a bit deeper to 770 where high volume took place in the past.
Best momentum stock of the big 5 right now (AAPL, GOOG, FB, AMZN) with only AAPL still a hold. However GOOG, FB and AMZN all point towards a severe correction. If this occurs it could happen that MSFT and AAPL gets dragged along and will break it's upward trend.
Unlike FB, GOOG and AMZN. Apple still holds on to its decade old trend. Which keeps it on course to x5 in the coming decade. Not saying this will happen, but only sell when trend clearly breaks.
GOOGL Over the last two days printed a 2 candle pattern known as the "Bearish Counter Attack". See the linked attachment for diagram. It occurs when there is an up day, followed by a gap up open that is sold off, finally closing at the same price (or very very close) as the previous up day. As seen in image, according to this research this is a rare pattern that...
High Frequency Traders’ huge flood of pre-open market orders gapped GOOG up. This was immediately followed by a surge of Dark Pool Quiet Rotation™. Dark Pools are using Buybacks and High Frequency Trader gaps to sell, in order to lower their inventory of stock.
Some demand and support levels for trading location Also finished the abc pattern (correction wave)
$GOOG, reversing off the top of the range for the 3rd time in past 12 months. Google is an ad machine and ads revenues are cyclical like the economy.
Threats of regulation and fears of lofty valuations, and yet Google is testing the highs yet again. Buy on dips continue to pay well.
Google has confirmation on 1 hour 180 day EMA for an upward trend with no break in pattern. Has potential for an easy 3-10% return in the next couple weeks.
It's the 3rd week and maybe start to feel a little bit improvement in my English speaking lol. We got the following important names that I mentioned in this episode: Mon: HAL, AMTD Tue: BIIB, CMG, KO, V Wed: T, BA, CAT, FB, PYPL Thur: GOOG, AMZN (no time for MMM, INTC and SBUX ) Fri: MCD So many want to talk about but I only got 20 minute in this video, hope...
Since the market is making huge gains after googles recent shortfall I put on a 1090/1100 Credit put spread. Max gain is $220 max loss is $440 Target is $140 gain and $280 loss max.
I think this line might be important for the short term. Wait & see for me.
Playing off the 1hr trendline here for $GOOGL. Hoping for a bullish close above $1100 6/18 or 6/19 but keeping a stop close. 1.5 R:R here.
Playing off the 1hr trendline here for $GOOGL. Hoping for a bullish close above $1100 6/18 or 6/19 but keeping a stop close. 1.5 R:R here.