Google Analysis 22.01.2023Hello Traders,
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Googlesignals
GOOGLE A very bullish 2023 and this chart shows why.Alphabet Inc. (GOOG) broke two weeks ago below its 1W MA200 (orange trend-line) for the first time since the March 2020 COVID crash. The next Support level is the 1W MA300 (red trend-line). Since its IPO, the stock has had very symmetric Cycles which with the help of the Sine Waves can show tops and bottoms for consistent sells and buys.
On this pattern, the price level is not as important as the timing. As you see even the latest (All Time) High was fairly accurately predicted by the Sine Waves. The next bottom is projected to be by the first week of January the latest. As a result, on a multi-year scale investment strategy, the time to buy Google comes closer and closer.
Based on the Fibonacci extension levels involved, every Cycle High is at least +0.5 Fib higher than the previous one (basically only one has been +0.5, the rest have been at least +1.0 Fib). As a result, the High of the next Cycle should be at least on the 4.5 Fibonacci extension, around $198.00!
Can 2023 be such a bullish year for the tech giant amidst the Bear Market of rising inflation?
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GOOG $ Breakout Levelwe just tested our resistant last week, now if we have a breakout from this level , we going to test 2 level of resistant, which the second resistant will give us the breakout to all time high for this year , over the 160$+.
the bottom that we should hold for this year if we want to see this movement , is holding above the 100$ support .
GOOGLE Excellent long-term buy opportunity for a $5000 target. GOOG has been trading around its 1W MA50 (blue trend-line) for the past weeks. The Ukraine - Russia war has managed to keep the stock on those low levels, longer than it should but this is a position Google is familiar with.
Ever since the beginning of its trading, the stock has been experiencing phases of growth and then pull-backs to the 1W MA50. Only during the peak of the U.S. - China trade war and the COVID crash, did the price manage to break considerably lower (still the 1W MA200/ orange trend-line supported).
As you see on the chart, every time the 1W RSI prints a Lower Highs sequence, GOOG posts the same Channel Down pattern to the 1W MA50. In all past cases, the price recovered and expanded rapidly to make new Highs on the next Fibonacci extension. The most recent All Time High (ATH) was just below the 4.0 Fib ext. Technically next to fill is the 5.0 Fib which is around the $5000 mark. That is our target for the next expansion cycle that should peak within 2023.
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GOOGL ALPHABET | Shows Potential Uptrend!When it comes to GOOG Alphabet , right now it is in a downtrend and it is likely to get support at S1; which is near 2850. Since it is showing the bearishness, you might see a gap down. If gap down doesn’t happen, I wouldn’t recommend you to take the short position unless you get a pull back. When price reaches S1, you may go long while using S1 as a support area . And if you do, make sure to place the stop below the S1. Once you are in, you first exit should be at T1, which might act as a resistance area since we seen two strong rejections there.
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What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
GOOGL ALPHABET | Shows Potential Uptrend.If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of GOOGL ALPHABET , I think we are going to see an upward movement. If you are going to go long now, make sure to place the stop below the previous support area .
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
GOOGLE First buy signal within the Channel Up.Pattern: Channel Up on 1D.
Signal: Buy (1/2 position) as the price hit and rebounded on the 4H MA50 (red trend-line). Second buy on the 1D MA50 (blue trend-line). This buy pattern has been holding for the majority of 2021.
Target: 3000 (just over the 1.5 Fibonacci extension, which is the extension target on all MA50 bounces).
Most recent Google signal:
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GOOGLE Signals showing further growth.Pattern: Channel Up on 1D.
Signal: Buy as the price is: 1) Still on the middle of the Channel, 2) The RSI not yet on its 10 month Resistance Zone, 3) The MACD is on a Bullish Cross.
Target: 2670 medium-term (the 2.0 Fibonacci extension, which has been met on all three previous Higher High waves of the Channel Up).
Useful facts: The 1D MA50 (blue trend-line) has been supporting since January 19, 2021. The last time none of the 1D MA50/ MA100 or MA200 were above the price was in April 21, 2020!
Most recent GOOGLE signal:
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GOOGLE -- It keeps getting stuckAs can be seen in the chart, there is a great squeeze in both prices and RSI. This is a bit scary of course ...
This tightness can continue up to the level of 2200$ or even 2400 $, but then we think it is very likely that we will see a big selling pressure for both the relaxation of the indicators and the completion of the technical formation formed by the prices.
We are not at the beginning of April anymore. It has been almost a year and the Nasdaq have an unstoppable rising. We wonder where will he stand ???
It contains only personal views and opinions. Does not contain legal investment advice ...
GOOGLE Sustainable growth for the next 3 months?Just a fractal play but tell me don't those two sequences have a lot in common? First an aggressive Bull Phase 1 and then a more sustainable Bull Phase 2, supported by the 1D MA50 (blue trend-line). Can GOOG repeat this pattern?
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