GooglWeekly right shoulder is setting up for a very large move higher.
Fib levels are from 2020 low and ATH.. As you can see 127 is very tough. I'd only go long with a close over 128.
A couple of patterns are playing out here.
The bigger picture is the Inverted H&S
The second pattern is the bullflag on the weekly. Flag took 6 weeks to form
My targets are the gaps 133 then 140. So if you're a swing trader , you would go long over 128 and take profit at 133 gap close.. le5 things cool down then go back long for 140.
Long over 128.. 126.00 stop loss
GOGLB trade ideas
GOOG - Rising Trend Channel [MID -TERM]🔹Breakout rising trend channel.
🔹Breakout resistance at 123, signals further rise.
🔹Technically POSITIVE for medium-term long-term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
GOOGLE - BULLISH SCENARIOAlphabet Inc is situated in the lower range of a robust and upward short-term trend, suggesting a potentially favorable buying opportunity. It is worth noting that if the lower trend floor at $117.50 is breached, it could indicate a slower pace of growth and potentially serve as an early warning for a shift in the trend. Based on the present short-term trend, the stock is projected to experience a 16.42% increase over the next three months. With a 90% probability, it is anticipated that the price will range between $136.79 and $157.66 at the conclusion of this three-month period.
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GOOG - Bullish PushHowdy Traders!
I would like to inform you guys on another bullish trade for this and next week. NASDAQ:GOOG has been creating a strong parallel wedge, and it was just today where it broke-out of it. Although this may be a late post, the price target for NASDAQ:GOOG is sitting at $128.35. However, the take profit zone would probably be around $128, just to be sure.
Bona Fortuna!
GOOGLE Approaching the bottom of the 6 month Channel Up.Google is under the 1day MA50 and is gradually turning into a buy opportunity.
The ideal level is as close to the bottom of the 6 month Channel Up as possible, with the RSI near the oversold 30.00 limit.
Buy after the MACD forms a Buy Cross, which was the confirmed signal in the previous two bottoms.
Target Resistance A at 129.50.
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