It's time to keep a close eye on FAANGT stocks to be ready to reposition once the rules I've outlined in my post “A trading system for rookies” are met. I also urge you to consider positions in the Greek Stock Exchange where there are now many reliable and safe shares that are in a mature phase of growth. Some of them are presented below. For more...
ALPHABET: Double Bottom Spotted. After a long downtrend market, a double bottom is spotted in daily time frame. The downtrend Market structure has already been broken in last two trading sessions. Investors are showing more interest in this stock. This may result in a bullish rally of the stock. Stock is expected to test the level of 123$ per share in upcoming...
Hi there, Google is set to rise for the next bullish run. Watch lower time frame for price action and look for buy. Good Luck
If you have a taste for anything like freedom of speech, neither Google nor YouTube are companies you will like. This thing started as a search engine that actually had the motto "Don't Be Evil" before it was corrupted by the Chinese Communist Party when "very smart people" wanted to get it into China. You see, doing business with "China" right now always means...
As you can see, the last chart was pretty accurate: Now I think this year we will see Google losing ground in the advertising industry. The Justice Department filed an antitrust lawsuit Tuesday against Google alleging the company of abusing its dominance over smaller rivals by operating like an illegal monopoly. MSFT Microsoft bought a 49% stake in OpenAI, who...
with apple, google, and amazon reporting thursday, the market may have been looking for a reason to take profits anyway. But overnight futures were down and possibly these Hong Trade Deficit Number soured the recent bullish mood. Add to all that the issue of the US debt ceiling, investors probably cant wait to reduce risk and look for a new re entry.
Long entry level for this cupping pattern happens to be at the 50% retracement of the trend up. Targets in Green for the C&H. Long when EL is met which is a bit above the high on the left side of the cup in order clear resistance. More resistance overhead. There is also as Shark pattern and targets are in white. Targets 1 and 2 have been met for the Shark. The...
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
Great opportunity for long term investing. The formation is bearish too. I think the fed is going to hike by 1%, not 0.75%. Most stocks will sink. 50% fibonacci ratio of logarithmic chart falls slightly below 61.8 ratio of regular chart.
I got the idea of an algorithm using a gap, which would behave a bit like RSI, therefore I called it momentum line. Don't know if it's very useful or how to improve it, it can keep you in trends, however it suffers from whipsawing. My first attempt in programming a strategy.
Although there is a cup-handle formation in the graphic, the targets are determined according to Fibonacci.
GOOG Q4 earnings are today, 2/2 at 4:15pm. Alphabet Cl C (GOOG) reported Q3 September 2022 earnings of $1.06 per share on revenue of $69.09 billion. The consensus earnings estimate was $1.26 per share on revenue of $70.64 billion. Revenue grew 6.1% on a year-over-year basis. Here's a GOOG 1 week chart with the past 8 earnings reports PE, EPS, revenue, cash & debt...
Google (GOOG) Trade Updates I entered November (see previous post) near the bottom with a price of 85.87, a profit of 13% so far, but the road is still long. The volume knot near POC held up well, but the upper areas are very well covered. Here too, as for AMZN, my target is the historical highs, even if for the medium term, the target is $115-120. To keep an...
Weekly breakout of the decending trendline ahead bullish seasonality supported by the 200's SMA the price has made already the higher low - just needs to get to an higher high
Google is preparing for a final price correction From a fundamental point of view, many background noises are coming, including strong progress by Microsoft in combination with OPENAI, lawsuits in the US and more. From a technical point of view, it created an inverted cup and handle that matches exactly with a Fibonacci correction to 23.6% and a return to the lows...
Over recent months, Silicon Valley has been struggling to keep its position as an endlessly burgeoning region of massive profits and possibilities. Technology stocks listed on NASDAQ have been decreasing in value, making the chart pattern for the NASDAQ Composite Index quite sobering reading. Indeed, so severely have the tables turned on Silicon Valley's 'big...
M pattern noted. The 4th leg seems to have paused at the .886. Peak 2 is higher than peak 1. Sharks are also known to dive to the 1.113 on occasion. This market is tough to trade right now and seems to be in "wait" mode today. No recommendation. “The stock market is a device to transfer money from the impatient to the patient.” Warren Buffett GOOG is...