A follow up from this post. powerofthepivot.com On the daily, GOOGL appears to be in a nice pennant pattern. Great gap and strong buying pressure. Double bottoms on the hourly chart. Inverted head and shoulders on the daily. Could also consider a longer term bull put spread if it pops.
Planning on shorting GOOGL at the objective weekly supply level from the pivot high. For price to turn down so sharply there must have been a lot of sell orders. It is my hope that there will be left over sell orders sitting at this level.
I'm considering buying puts, risking 3% to make a potential 10%+ in the next couple of weeks. Based on the price action and the volume I expect this pair to gap down on earnings. A fairly reasonable risk/reward if you ask me! I added a standard deviation and moving average to the range exp volume indicator, to determine if volume is above or below average, which...
Look for retest and failure off EMA's, go long puts, but beware of low volume over xmas.
Broke the trend with a head&shoulders (like) formation, staying below 520 till the end of week would complete the pattern. Back-testing the resistance around 510-520 might give good risk/reward short entry with a target of 440 and stop above the resistance.
Rationale: Pure technical - Predictive/forecasting model - Gap pending 1 - Predictive/Forecasting Model: - Target = TG-Lo = 456.21 - 04 DEC 2014 2 - Pending gap favors similar technical demand 3 - Structure: Overhead resistance proven @ 567.45 - IF price break > 567.45, bearish target invalidates if closes > 598.58 - Targets affirmed at break <...
Our analysis @ stated in part, "Barring a meltdown in earnings or subscribers, FB will be bought at certain levels in expectation of reaching the 2nd target shown. The short also has its' targets and one has been reached on a shorter time frame at 58. On a shorter time frame, FB is reacting to a long that has its' target above ATH." The 2nd targets on both time...
I have always been very good at stock picking, this is one of the examples...I think it is a bit extended now for anything but day trading, however this stock is NOT done. watch for good base to enter..use excellent risk management cause what goes up fast comes down fast
GOOGL reported good earnings and has no reason for stock prices to decrease any further. Based on recent trends, it should continue rising in a similar manner (as shown). As such, it will most probably continue rising past the resistance line drawn.
The Google Inc (NASDAQ:GOOGL) Daily Diagram Technical Analysis shows the following: The (GOOGL) share has insert in a short downtrend channel lately. This resistance line is just on the top of the KUMO, which means that the GOOGL consolidates in long term. Both weekly and monthly diagram show a neutral behavior. So the first think in mind is that $550 as you can...
The GOOGLE Inc (GOOGL) weekly chart shows the following signs: The Price of GOOGL find a strong support from Kijun-sen and stoped exactly on it last week. The MACD is turning up closer to give a bullish sign and the RSI is >50 on bullish. The Stock is over the EMA200, over the KUMO Cloud but the Tenkan-sen is under the Kijun-sen (I think for a little as I...
The GOOGLE Inc (GOOGL) weekly chart shows the following signs: The Price of GOOGL made a try last week and overcome the Kijun-sen. The MACD is turning up but is still on bearish sign and the RSI on bullish. The Stock is over the EMA200, over the KUMO Cloud but the Tenkan-sen is under the Kijun-sen (I think for a little). I expect that the stock will continue...
The GOOGLE (GOOGL) daily chart shows the following signs: GOOGL is on bullish trend reaching the KUMO cloud last week. The MACD is on bullish signal and get over the zero level and the RSI on bullish signal too. The Stock is over the EMA200, but it has to overcome the KUMO Cloud . The bullish sign is weak as the price is under or in the KUMO. I expect that the...
The GOOGLE (GOOGL) weekly chart shows the following signs: The Price of GOOGL made a green candlestick (from $528 to $563) last week and stoped on Kijun-sen. The MACD is on bearish sign and the RSI on bullish. The Stock is over the EMA200, over the KUMO Cloud but the Tenkan-sen is under the Kijun-sen. I expect that the stock could continue the long movement...
Many erroneously believe that market targets cannot be known until a stock has been trading for a specified period of time. As our clients are well aware, we identify the relevant targets very early in the trading cycle, sometimes even before the first 15 min of trading on the date of the IPO. How is this possible? Contrary to what many are taught , the ...
Our original analysis stated in part: "Taken by itself, the technical pattern on the chart is a classic bottom with a follow through support at the first real pullback. Many unexpected huge moves have resulted from this pattern over the years. A factor in NOK's favor on the long side is the price action at the LT Swing Long entry range. It has been very...