strategy for GOOG monday 037/11/2022Hi Trader: GOOG. for which they wait for the split. buy above (2409.00) next resistance (2462.86) GOOG: sell below (2403.00) as you can see it is below the selling price, but this does not mean that it will fall, we just have to waitby RobertoTraderWithoutStress1
GOOG break might be near GOOG has consistently held the retests of the resistance level defined as the trend failure zone a few weeks back. Incredible reactions to this level so far with it firmly pinning the market in. If it turns it away, we might see the real breaking of GOOG. All lines original and taken from below idea. Shortby holeyprofit4
Google - bullish countIs this a possibility for this stock and potentially other tech stocks too?Longby tomj2417222
GOOGLGoing to break through this resistance (and hold)? Or is this just another bear flag forming? Hard to be bullish on this one if it's below $2,500 imo.by Essendy441
Short GOOGL DAILY TIMEFRAMEGoogle is currently in a major corrective phase. The intermediate phase which is forming is an impulsive wave C of X . Longby awuahbaffour0
GOOG: Have we reached the bottom?Alphabet Intraday - We look to Buy at 2214 (stop at 2105) Buying pressure from 2150 resulted in prices rejecting the dip. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Prices expected to stall near trend line support. Dip buying offers good risk/reward. Our profit targets will be 2549 and 2600 Resistance: 2555 / 2860 / 3032 Support: 2140 / 1900 / 1600 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.Longby VantageMarkets0
Alphabet | Fundamental Analysis + NEXT TARGET | MUST READ | The countdown has begun. There are less than ten days to go before Alphabet's 20-to-1 stock split on July 15. Many are undoubtedly contemplating buying up the tech giant's stock before the date. The idea behind such a decision is that Alphabet stock could jump if a lower price attracts an influx of small investors. That could be a winning strategy. But here are a few reasons not to buy Alphabet stock before the split. The need for cash in the near term Never invest cash in a stock that you may need in the near term. The definition of "near term" may vary from person to person. However, a good rule of thumb is not to invest cash that you might need in the next five years. The past few months have clearly demonstrated why such a cautious stance makes sense. The S&P 500 has experienced its worst first half of the year since 1970. Alphabet is performing worse than the S&P, with its stock down about 25 percent over the year. There is no guarantee that Alphabet's impending split will serve as a positive catalyst. Amazon also had a 20-to-1 split last month. The company's stock didn't soar but instead fell. Alphabet may well suffer a similar fate. Lack of diversification Another straightforward reason why you shouldn't buy Alphabet stock before it splits is that your investments are not sufficiently diversified. The most obvious example of a lack of diversification, in this case, would be the fact that Alphabet already makes up the majority of your overall portfolio. But you may also have most of your investments in other growth stocks that are highly correlated with the movement of Alphabet stock. In that case, buying Alphabet won't help improve the diversification of your portfolio. The point of diversification is that it reduces overall risk. The old adage about not putting all your eggs in one basket is more relevant than ever. Recession Concerns If you fear a recession is just around the corner, you probably shouldn't buy Alphabet stock before the company does a split. The company's stock has not performed well during previous recessions. For example, during the Great Recession of 2008 and 2009, Google stock fell more than 60 percent. During the short pandemic recession of 2020, the stock fell 23% below its previous high. Concerns about the recession are understandable. Nearly 70% of economists surveyed by the Financial Times predict that the U.S. economy will enter a recession next year. Some investors, such as ARK Invest CEO Kathy Wood, believe we are already in a recession. You may have noticed that none of the above reasons have anything to do with Alphabet itself. The need for cash in the near term, lack of diversification, and fears of an impending recession are legitimate reasons for not buying any stock. Beyond that, we have not discussed the advantages of buying Alphabet before the split versus buying it after the split. No one knows what will happen next, as there are too many variables. However, we can think of several good reasons for buying Alphabet that have nothing to do with the split. In particular, the company has an exceptionally strong business market. The likelihood that any competitor could knock Alphabet from its position seems very low. Alphabet also has many growth drivers. Its core Google advertising business remains strong. Its Google Cloud division continues to show strong growth. And its famous "other bets" (especially Waymo's self-driving car technology business) could also contribute significantly over time. Reasons to stay away from Alphabet focus on the short term. But for investors focused on the long term, any time could be a good time to buy the stock. Longby FOREXN1Updated 202016
$GOOGL pre-split$GOOGL posted a bottom tweezers formation on the daily chart. We continue to believe that this stock will have some sort of oversold bounce into the split this month. We are long the $2250 calls for July 22nd. The first big resistance area for this week is $2217. Reclaiming the 8&21EMAs around $2240 will be an important aim for the active bulls this week. See if it starts showing any relevant strength in order to increase your position ahead of the split. Make sure not to chase!Longby Eclubtrading42421
Is the Google market going to increase or is it running?Hello to all . Friends, there are two possibilities, the upward trend has started. In the second option, the reverse area will be around the price of 1925 or 1846. Good luck. (This is just a technical analysis based on the principle of waves with my experience of two years)Longby mehdi47abbasi797
$GOOG GOOGLE BIG Rising Wedge Bear Flag on the Daily Timeframe$GOOG GOOGLE This rising wedge could be confused as a bear flag, however, both patterns are similar, bearish and generally followed by downside. My guess is we fill the gap below the next support before seeing any major reversal on this stock. Are there any hungry bears out there? GOOGLE this pattern and get ready! On a fundamentals it is a buy buy buy long term according to all analyst because it doesn't have a sell rating. This wouldn't make most comfortable to enter short. HOWEVER, google missed earnings Q1 2022 and it has been down trending since. Google makes their money from search and unless they post good earnings or make an announcement I don't see why the gap below wouldn't fill based on TA. Shortby ChaldeaCode6
google: wait for breakout and buy itDear My friends. good time. I think this share will go up to 2525 but you should wait for breakout. so you enter when price breaks 2380 with H4 candle and your tp is 2525 and stoploss being 2315. good luck. forex playersLongby FOREXPLAYERSUpdated 112
GOOGLE ROUND TOP ( BULLS UNDER PRESSURE)Google Bulls under pressure, a weekly close below $2,496 may interest more sellers to set in by ChartsEmpire01Updated 1
Pair Trade Methodology for Tech StocksHello everyone, this is my (last minute) submission for the pair trade competition Table of Contents: 1. Intro 2. Correlation Matrix 3. Outcome Permutation 4. Fractals & Price Deviation Phases 5. Levels & Open Space 6. Further Hedging & Strategies 7. Final Setup 8. Scripts & References I quickly scraped this together (and actually ran out of time), so this is far from being a thorough analysis, but I extensively draw out the methodology. For my base assumption I take the SPX and as a point of reference the end of March/start of April, when the market had its last peak and turned downwards afterwards. I'll focus mostly on tech stocks. Since this is a pair trade competition, it is of key importance that we do find highly correlated assets first. We further select assets that make good candidates for long or short trades and talk a little bit about how we can actually hedge our trades while positioning us for good returns. # --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- # Correlation Matrix # --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Correlation itself is probably a topic for a whole thesis so I keep it short, yet there are a few important points to consider: Timeframe/Granularity (5m, 1h, 4h, 1d, 1W, etc.) Window length (10, 20, 50, 100, 200, or whatever value) Series (close, hlc3, ohlc4, etc.) Your results will vary (and sometimes even completely flip) depending on those parameters. I had chosen to go with series hlc3 , timeframe 4h and window 130 (2 * 5 * 13; 2x 4h-candle * 5 days week * 13 weeks (1 quarter)). I made the selection for the following symbols: NYSE:SHOP , NASDAQ:META , NASDAQ:GOOG , NASDAQ:TSLA , and this was the resulting correlation matrix (shoutout to Ricardo Santos for his initial script implementation). As you can see, they are highly correlated (> 0.8) and very highly correlated (> 0.9). This actually satisfies the correlation necessity for a pair trade. Now this essentially makes up our basket for a good mix of short and long positions by further reducing the risk by spreading across multiple assets (this is mostly exemplary). # --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- # Outcome Permutation # --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Now, there are essentially 6 different outcomes. Let's define our long symbol as 'WINNER' and our short symbol as 'LOOSER': Both Uptrend; WINNER > LOOSER: Profit (Hedged by both symbols moving in the same direction with our long being more effective) Both Uptrend; LOOSER > WINNER: Loss One Uptrend/One Downtrend; WINNER > LOOSER: Profit (This is what we hope for) One Uptrend/One Downtrend; WINNER > LOOSER: Loss (worst case) Both Downtrend; WINNER > LOOSER: Profit (Hedged by both symbols moving in the same direction with our short being more effective) Both Uptrend; LOOSER > WINNER: Loss The important takeaway is that there are three scenarios where we take a profit. Two scenarios where we could get unlucky by betting on the wrong symbol in the trend. And one scenario where we would set on completely opposing trends for both symbols. Ignoring any other hedging strategies, the goal is to make a decent analysis that shifts the probability dramatically in your favor. # --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- # Fractals & Price Deviation Phases # --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- The lower the timeframe, the better you'll be able to model the stochastic process (for the given TF). Why? Simply speaking, you have more information at hand. Take EMAs for example. You can start at the monthly, take your EMAs (50, 100, 200, etc.), drop down to the weekly, take your EMAs there and repeat the process (down to the 1s if you like). The further down you go the more information you accumulate (depending on the timeframe some information is more relevant than other), the more precise your modeling approach can be. This works extremely well for 5m/15m and is still very valid for 1h/4h. The higher the timeframe, the more you loose in precision (accuracy quite often stays pretty good though). Since the competition asked for 1week + "ideas", I'll be using the 4h timeframe as my highest resolution (as in most information available) and scale into higher timeframes from there. This is where fractals and price deviation come into play. Probably the most famous representation for price deviation are Bollinger Bands (essentially being 2stdev over a SMA20), which we'll be using for this. We'll be concerned with 4h, 1D, 1W, 1M version of them and quantify where they are in their respective BBW (Bollinger Bands Width) what I just term 'price deviation phase'. This gives us a heuristic for fast determination what asset might be over/undervalued (over/underperforming). This picture shows the graphical representation for the SPX (1D, 1W, 1M) In order to make this comparable this needs to be standardized between +1 (Upper level), 0 (Base Level) and -1 (Lower Level). For SPX from the image above those values are: 1D: -0.32 | 1W: -0.79 | 1M: -0.64 For the selected symbols those are the extracted values (1st July 2022 2pm CET): | SYMBOL | 1D | 1W | 1M | -------------------------------- | GOOG | -0.45 | -0.62 | -0.32 | | TSLA | -0.41 | -0.62 | -0.39 | | SHOP | -0.60 | -0.63 | -1.01 | | META | -0.40 | -0.97 | -1.04 | As you can see, all of the are performing somewhat the same on the 1D and 1W, but GOOG and TSLA performing significantly better for the 1M than SHOP and META. This translates to our assumption that they will perform better in the future. # --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- # Levels & Open Space # --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Levels (aka Liquidity zones, pivots, what not) essentially being those historic price levels that hold statistical value (and significance). In the same spirit as previously, timeframes are hugely important. The higher the timeframe (amongst many parameters), the more important the level on a macro/global scale. The lower the timeframe, the more important it is in a local context, but looses meaning the further you zoom out. 4h levels have meaning in the 4h timeframe (while 1M levels only have some general direction), but loose all resemblance at the 1M where they just go up in the 1M candle so to say. Open spaces are the space between significant levels. This quite often is the area where price "jumps". Not to get into to much detail, but there is just nothing in between. This is a pretty good showcase for the SPX now (having had it's ATH recently). On the way up to its ATH, "it" crossed regions it was never in before. So now on its way down it crosses an area where it only ever has price levels that where created very recently. So there aren't much levels that hold statistical significance, just dynamically computed values. So, the keep it short, the proposition is that price moves from significant level (whether historic or dynamic) to significant level. The less such levels exist in that area (or have been "invalidated" by some metric), the more room price has to jump. And this is what we want to identify. This is part of the analysis of whether an asset is strong candidate (doesn't matter short or long). The criteria are: Long: Uptrend has big open spaces and few levels while downtrend has small open spaces and a lot of levels. Short: Uptrend has small open spaces and a lot of levels. while downtrend has big open spaces and few levels. Just to quickly make the point (not considering dynamic levels): SPX has the quite some space upwards once it breaks its latest high ~3945 to two levels, once with ~3.5% and the other time with ~5.5%. Downwards the next level comes at roughly -2.5% after breaking the last low at ~3630. (I'll probably make a follow up post with some detailed charts which I just hadn't had the time to include here. Sorry folks!) # --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- # Further Hedging & Strategies # --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Since everything is always based on some conditions, we could improve all of this by actually entering (or not entering) any trade given a specific set of conditions. For example, SHOP didn't (aka won't) drop far enough, so we simply won't go short on it and completely ignore it. In short, we're not entering all trades at the same time, but when it makes sense given the "DNA" (aka all kinds of statistical properties) of each symbol and it's current situation/behaviour. The same goes for exiting any open positions. It very much depends on the probability distribution at any given point in time. So for example, if we made quite a profit with an asset (by it "jumping" through an empty zone), instead of risking not being able to push through the next level (and risking a bounce/sell-off), we simply take our profit and call it a day. Now, since we're a taking apples out of our basket with this, the more and more we do this with any asset, the less we are actually hedged in our still open positions. So you should have some strategy to exit those positions (or rebalance) them as well. And of course it does make sense to use stop loss exits at ~major levels. This is for the "loss scenarios" described in the outcome permutation at the start. # --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- # Final Setup # --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | SYMBOL | Price | Target Level | TYPE | -------------------------------- | GOOG | 2187.45 | 2500 (~15%) | LONG | | TSLA | 673.42 | 800 (~20%) | LONG | | SHOP | 31.24 | 21 (~30%) | SHORT | | META | 161.25 | 140 (~12%) | SHORT | # --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- # Scripts & References # --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- * Correlation Matrix (by RicardoSantos) * ZigZag & Levels (by me; uses dynamic ATR compression instead of lookback and fixed thresholds) * MTF Price Deviation (by me) Probably gonna release my scripts once they are finished (and I find more time). Thanks for reading and a big thanks to the team at TradingView for providing this stellar piece of software! by SnowblindTrade221
Goog stock price still going downI'm a newbie and this is my first time publishing. I made my own technical analysis. I only used fib retracement, RSI, support and resistance, and impulse wave. Fibonacci Retracement: The price might still hit 0.618 then bounce back up Elliot core wave: 5th impulsive wave heading downwards? Rsi: I used a trend line and looks like it's still going down Support and Resistance: Possible to reach 1,816? Based on the news, We might be heading or might be already in a recession. This bear market might still make the stock price go down even after the stock split on July 15. I'm not sure if my analysis is correct. Let me know. Thank you! :DShortby t-rens332
Trend analysis Can go long.... These idea is education purpose only ... I am not registered analyst ... Please take advice of your investment advisor And plan your risk/reward See levels on chart......Longby trading_central1_2Updated 0
Google...W pattern or fail....Market is noisy. Do we go further down or do we go up again? Old resistance....new support. Here also we see a w-formation. Will he make it or will it fail?by Locorano0