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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Buying googl now has a strong opportunity to enter at the moment. In my analysis, it relied on trends, support, resistance, geometric shapes, Jean and some other things I look at.
Summary of the classic technical indicators on its daily chart: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Alphabet is trading above both its 20 and 50 period moving average (respectively at 123.76 and 123.63).
According Zacks Investment ...
Alphabet's strong cloud division is...
Looking to long NASDAQ:GOOG
Will need to watch this but we have a strong show of a major weakness now at 117.56. It will likely be tested very shortly as indicators are showing red, red and red!
As we move upwards, GOOG will likely retest 113 region to check for support, in this bid, my long will likely be placed at 113.53. Not to mention, by pulling over a...
Happy 4th to all you Americans! Hoping this short will work out, technicals are looking good. I have a NASDAQ:GOOG short coming in, here are the entries and exits for my positions followed by my rationale.
Entry: 128.61
TP1: 124
TP2: 120.05
TP3: 116.5
TP4: 113.37
Rationale:
1) Volume slowing: On the Weekly TF, the volume has significantly slowed down...
- GOOG has hit our prime .618 level for a W2/B wave to now start our decline into the C wave or possibly a W3, both of which are destruction to one's portfolio. If you have no exited your postion in GOOG I would do so soon because when you think its going to bounce back off any support.. it won't and you will regret not selling out at $119 when it is sitting at...
I am seeing a short on Alphabet. There is a confluence of factors.
We crossed BC line on the latest zigzag. The increased momentum at each peak is dubious as volume (CMF) indicator is showing multiple indicators. DeMark's is showing a setup alone and Bolingers are rejecting price at the midline.
It may be an incoming C Wave to a huge Flat or a X wave to a...
ALPHABET: Double Bottom Spotted.
After a long downtrend market, a double bottom is spotted in daily time frame.
The downtrend Market structure has already been broken in last two trading sessions.
Investors are showing more interest in this stock.
This may result in a bullish rally of the stock.
Stock is expected to test the level of 122$ per share in upcoming...
Bullish senario is we broke-out a falling wedge and retested already..
A move above last week high could confirm this.
Flow has been bullish for this week (07/07) and nest week 14/07.
MACD & TTM squeeze looks ready for another run.
momentume has been buliding
Although flow has been bullish on this name
i can't ignore this bearish senario
we could have retested and rejected the neckline ... possibility of breakdown and filling below gap is high.
some news about google and pivase e has been circliting and that could push it down.
I don't know.. PRICE ACTION is king so let's focus on that
In this update we review the recent price action in. GOOGL and identify the next high probability trading opportunity and price objectives to target
*Past performance not indicative of future results
