I'm initiating a position in $GOOG at market open tomorrow. There was some kind of glitch, and the chart looks really funny, so I decided to post it for posterity. The folks at Zerohedge were gloating, looking at the stocks limit down after this glitch, it's actually just that, and in fact, trades that might have taken place were reversed as far as I know.
Either...
The giant is in trouble now already stumbled on his way over the 1000 points, but remember that while he stumbled and fell on the road, as every giant is powerful and can reincorporate again and continue on the road walking and recovered in the ;)
I prefer using log scale for high flying stocks. You can clearly tell Googl upward momentum is abating. We all know 250 advertisers dropped adds on youtube due to offensive content. Now googl is working on the issue but once you loose advertising you also loose pricing power. Getting advertisers back will likely come at a discount cost. Google faces lower add...
Alphabet's (GOOG) stock has been trending upward for quite awhile, and we've
been keeping a close eye on it. We've raised our risk level on most of the
massively expensive tech stocks due to our views on the overinflated prices
from the "Trump Trade" since the election. Already, our speculation of the
market correction seems to be in-effect dependent on the next...
Those who do not learn from history are bound to repeat it. To us, 2017 is starting to look more and more like 1999-2001, with some B.S. from 2007 sprinkled in. Our evidence to support the argument is pretty substantial, but the only weakness lies in how long the music can continue to play. We don’t like to make predictions of stocks or market direction...
Earnings just came out and GOOG will gap down tomorrow. With only a few days left in the month, there is a good chance of an inverted hammer/pin bar on the monthly and a possible set up for an evening star/shooting star reversal pattern in Feb.
Break below 798 will confirm. Invalidate if today's high is broken to upside.
TP 700
Hey guys, google or Alphabet is gonna report their earnings next week.
With the S&P at a critical resistance, and a bearish bat(blue) on the daily chart of google, I expect a less than stellar earnings report from them.
If you decide to go short, do it before Jan 25th around current market price with your stop loss around 825.
Hopefully, a bad earnings report...
