GOOGs technical setup looks promising vs. a short AAPL position. This trade is relative only to the two names mentioned, not to the broad market.
It's so simple! (kidding, kidding) As one can see, GOOG is bumping up against an area where it's had a difficult time breaking trough, thereby offering a sell signal. However, notice that support has been rising for some time despite GOOG's inability to break through historical resistance. Sell for now and wait for the pair to come into support before resuming...
GOOG recaptured both 50MA and 20MA after earnings gap down this morning before stopping at the ascending trendline. This ascending trendline has been acting as support since April. Has support now become resistance?
Inside day I see GOOG hit $10th in few years Google reported second-quarter adjusted earnings of $9.56 a share versus Wall Street estimates of $10.78 a share. Revenue of $14.11 billion missed forecasts for $14.41 billion. Average cost-per-click, which measures how much an advertiser pays when users click on ads, fell 6 percent from the year-ago quarter, after...
May not be IBD tested but good enough to make a point. #QQQ
If it breaks above this resistance line it's going to $966.00. So I guess you could play a short term long play. As I stated on my Weekly chart that $960.00 was possible. I just highly doubted it would get there. So let's see if it breaks. I feel that this thing will go parabolic and tag that level prior to earnings, because I believe earnings will be poor. Every...
This trade idea is published using Wolfe Waves, but i've introduced a new concept of using rectangles to measure price and time. Accordingly, I see that GOOG should be on a downtrend, with possible est. price between $829.41 and $819.25. This bottom co-incides with July 18th, when Google is expected to annouce its earnings. The analysis shows that price is likely...
GOOG continues long trend but wait for a pull back
The Bearish Butterfly isn't ideal... But being combined with the perfect Bearish AB=CD could be effective. GOOG could potentially touch $940 or $960 before reversing; but the odds are very slim. I see a double top happening and lower we go. My first target is at $600, which might be the main target. I see a similar scenario shaping up with GOOG that happened with...
Today's close had Google finish above the downside trend line set from the ATH. The premarket topped out at the prior high of $910.83. It is important for Google to break resistance #1 and #2 in the next one to two trading cycles otherwise <$900 is coming again.
Strong performance by Google today. If Google moves higher tomorrow and closes higher, then we will break the downside resistance back from May.
the b have a huge wick so d should get some sell pressure there, going down to check the gap will confirm the d and then is just matter of time for the next assault
Been watching this stock for a while and there are signs that a drop to $800 region is imminent. The same conviction is confirmed by Wolfe Waves, with possible ETA around 2nd August, 2013.
For the past three weeks Google has been forming a symmetrical triangle forming doji's at the support/resistance trendlines. Being patient here for a move will be rewarding.
Possible reversal could target an AB=CD move into 0.5 retracement.
I forgot to include on my prior chart that that a Bearish RSI BAMM is also evident on the monthly. This strengthens the odds of this pattern playing out.
Bearish AB=CD pattern. Declining volume since the start of the CD leg. I've been looking at monthly charts on a lot of the big boys and $GOOG looks quite horrible. $GOOG isn't any different. I thought about it and it would be interesting to see $AAPL pop next year and $GOOG drop. Anyway if this plays out here it looks like we will have a perfect Bearish AB=CD. My...