GOOGL Alphabet Options Ahead of Earnings ! Sell-Off Thesis !If you haven`t sold GOOGL here:
or reentered here:
Then analyzing the options chain and chart patterns of GOOGL Alphabet Inc prior to the earnings report this week,
I would consider purchasing the 115usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $6.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
While Google currently holds a dominant position in the search engine market, the landscape is dynamic and subject to change. If Microsoft successfully leverages its partnership with OpenAI to enhance Bing's capabilities, coupled with strategic marketing initiatives, it could potentially chip away at Google's market share over time.
You can read my full GOOGL Sell-Off thesis here:
Looking forward to read your opinion about it.
Google (Alphabet)
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 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.
Follow us, like the idea and leave a comment below!!
GOOGLE: Hit the 1D MA50 after 3.5 months! Rebound ahead?Google hit two days ago the 1D MA50 for the first time since March 15th and is already rebounding. The 1D technicals are neutral (RSI = 49.273, MACD = 1.050, ADX = 30.515) indicating that the first buy in some time can be justified on the current level buy attention is required as the downside has technical extension potential.
We are taking this opportunity to place our first buy and target the R1 (TP = 130.00) but if 1D closes the candle under the MA50, we will realize the loss, sell with TP = 108.00 and then reverse to buying again (TP = 130.00) assuming the 1D MA200 holds as the long term Support.
The 1D RSI touched its HL trendline, which empowers buying on the current level.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Alphabet vs. Tech Giants: Analyzing Investor Pessimism...Alphabet, the parent company of Google, has faced scrutiny from various angles, including the emergence of artificial intelligence (AI) tools like ChatGPT, heightened regulatory oversight, and a slowdown in digital advertising spending. Despite being a major player in the technology industry with diverse ventures, Alphabet's stock performance has garnered more skepticism from investors compared to other prominent tech companies.
Although Alphabet has seen a modest increase of over 9% in the past 12 months, it has lagged behind its counterparts and the overall performance of the S&P 500 index.
While Alphabet is considered a solid investment, it is crucial to consider the timing of investing in the company. Despite its long-term potential, the current circumstances call for cautious evaluation.
Alphabet has been entangled in prolonged legal battles with European Union regulators for over a decade, primarily related to antitrust violations. The company has incurred substantial fines from the EU, including a $3.5 billion penalty in June 2017 and a fine exceeding $6.1 billion in September 2022. More recently, the European Commission has notified Alphabet of its breach of EU antitrust rules, specifically in the advertising technology (adtech) industry. Bloomberg has reported that the EU may impose another significant penalty, potentially surpassing $8 billion.
Apart from the financial implications, the potential requirement for Alphabet to restructure and divest portions of its adtech business to maintain operations within EU countries is a significant concern. This obstacle looms large, considering that Europe, the Middle East, and Africa (EMEA) contribute 30% of Alphabet's revenue.
Considering all these factors, it is essential to carefully assess the risks and potential consequences before deciding whether it is the right time to invest in Alphabet.
Alphabet heavily relies on Google's advertising business, which accounted for $54.5 billion out of its total Q1 2023 revenue of $69.7 billion. It constituted over three-quarters of the company's fiscal 2022 revenue, underscoring its importance to Alphabet's overall financial performance.
Despite a 2.6% year-over-year revenue increase in Q1, Alphabet experienced an 8.2% decline from Q4 2022, with Google's advertising revenue declining for consecutive quarters. Recognizing the risks associated with a weakened advertising business, Alphabet has prioritized diversifying its revenue streams, particularly through the growth of Google Services and Google Cloud. Google Cloud revenue reached $7.4 billion in Q1, up from $5.8 billion in Q1 2022, and has finally achieved profitability.
For Alphabet to ensure long-term sustainability, it must rely less on Google advertising and focus on strengthening other segments, especially Google Cloud, which currently lags behind competitors like Amazon Web Services and Microsoft Azure in market share. However, the profitability achieved in Google Cloud is an encouraging sign for investors.
Returning to the initial question of whether Alphabet is a favorable investment at present, the answer is yes for long-term investors with a substantial time horizon. Alphabet possesses the resources and resilience to withstand the challenges it faces. Concerns regarding Google search are valid but possibly overstated, as it will likely remain a significant revenue source for the foreseeable future, albeit with reduced reliance.
However, the response becomes more complex for investors concerned about short-term stock performance. The overall hype surrounding the tech industry has propelled Alphabet's stock price by over 35% year-to-date as of June 23. Nevertheless, a market pullback, not only for Alphabet but also for the tech sector as a whole, may be on the horizon.
Given the circumstances, it may be an opportune time to gradually accumulate Alphabet stock through dollar-cost averaging. This approach involves consistently investing fixed amounts over time, thereby mitigating the impact of short-term market fluctuations.
Google -> Pumping With The AI HypeHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Google stock just retested and with a weekly bearish candle perfectly started to reject major previous structure at the $130 level.
You can also see that weekly market structure is still quite bullish, Alphabet is now retesting the 50% fibonacci retracement level and also previous weekly resistance which is now turned support at the $120 level so I simply do expect more continuation towards the upside from here.
On the daily timeframe you can see that Google stock just created and confirmed a daily head and shoulders reversal pattern so I am now just waiting for a break back above the neckline - then we would also have bullish market structure again - and then I simply do expect also a daily rally to retest the next resistance at the $130 level.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
𝗡𝗮𝘀𝗱𝗮𝗾 𝗨𝗽𝗱𝗮𝘁𝗲: $QQQ Daily. Red flag 🚩 for bearsHolding mid-bolli after an ugly candle yesterday. Red flag 🚩 for bears ATM. Another push higher for a final wave to put divergence in before a real pullback? What do you think?
$NQ_F NASDAQ:NDX NASDAQ:AAPL NASDAQ:MSFT NASDAQ:AMZN NASDAQ:META NASDAQ:GOOG NASDAQ:TSLA NASDAQ:NVDA NASDAQ:SOX $ES_F AMEX:SPY SP:SPX TVC:DXY NASDAQ:TLT TVC:TNX TVC:VIX #Stocks
GOOG is in an early reversalGOOG with its dominant search engine, YouTube, Maps and other apps besides cloud services
is a revenue gisnt. On the daily chart, it has had a respectable 40% YTD . However, I see signs
of a reversal. Added to the chart are the anchored VWAP bands beginning from the earnings of
November 2022. Price is in the neighborhood of 3 standard deviations from the mean. This is an
area where institutional and professional traders like to sell and earn their profits. Several
recent candles had wicks beyond that third standard deviation line. The candle stick analysis
is that of a " 3 bar play" - in this case, a green candle then a Doji candle suggesting indecision
and finally, a red candle documenting the change in direction. The ADX indicator shows
the weakening of trend directional strength topping out and then decreasing. The POC line
of the long-term volume profile is about the same level as the mean VWAP line. That is to
say, there is congruence there and so a very strong buying zone with high volatility
Overall I will take a short trade in 20 shares of GOOG with a stop loss at 129 and take a profit
of half at 106 ( above the POC line) and the other half at half at 103 ( near VWAP) using a sell-
stop order when the price crosses $ 0.25 below market to assure the direction
validation. If the trade goes in my direction to the target I expect a R0! of 15- 18% overall.
IF you want to know my idea of a good option trade leave a comment. IF you take a short
trade on the stock, I wish you the best of luck in your trade. I will adjust
stop loss down to the entry price when the stock price goes under 120 to make the
trade risk-free and then decrease the stop loss price by 4.50 upon market of 115. When
the market goes under 110, I'll change the stop loss to a trailing loss of 2 % and when it goes
under 108 change the trailing loss to 1% as alerted by alerts on the price that I have setup
to minimize screen time in trade management .
Google vs BingIf you haven`t sold GOOGL here:
Or bought it here:
Then you should know that the investment by Microsoft in OpenAI signifies a significant boost to their artificial intelligence capabilities. OpenAI's advanced technologies and expertise in AI research and development could potentially enhance the capabilities of Microsoft's Bing search engine. With access to powerful AI algorithms and resources, Bing may be able to offer more personalized and accurate search results, thereby attracting users who seek a more refined search experience.
Furthermore, Microsoft has been making strategic moves to expand its presence in various sectors, including cloud computing and enterprise services. By integrating Bing into its ecosystem of products and services, Microsoft can leverage its existing user base and partnerships to promote Bing as a viable alternative to Google.
In recent years, Google has faced scrutiny over data privacy concerns and antitrust issues, which could create an opportunity for Bing to gain traction among users seeking more privacy-focused alternatives. Additionally, Microsoft has been actively investing in marketing and advertising efforts to raise awareness about Bing and improve its market positioning.
While Google currently holds a dominant position in the search engine market, the landscape is dynamic and subject to change. If Microsoft successfully leverages its partnership with OpenAI to enhance Bing's capabilities, coupled with strategic marketing initiatives, it could potentially chip away at Google's market share over time.
If I had to buy some options, that would be the following puts:
2024-1-19 expiration date
$105 strike price
$3.25 premium
Looking forward to read your opinion about it!
GooGusd are you rdy for buy 🧨👌❤The big company Google has been using the downward trend of gold for days and for now it will have an upward trend for its shareholders.
Dear Americans who are Google shareholders, do not hold your shares until the price of $152.10.
The downward trend of Google will start from the price of $152.10, and for a long time, Google will sink into financial stagnation, and the expected decline for Bill Gates is $69.
These days, Bill Gates will sell Google shares as much as he can and will start buying when Google shares fall.
Is GOOG ready for bullish continuation?GOOG has had a good month thus far rising about 9% and relatively strong compared with
QQQ ( black line on chart) as shown on this one-hour chart. The past couple of days it has
rested in consolidation at the upper volume shelf on the profile. The stochastic RSI has the
lines low below the oversold /undervalued line of 25 and "curling up" suggesting they are about
to cross. The 24 hour running average volume indicator shows stable volume at a level higher
than April. No matter it may be overextended, GOOG has consolidated to base the next leg
up. Its high liquidity and low spreads make for a long entry of stock or call options.
GOOG - Breakout Falling Trend Channel- GOOG has broken through the ceiling of a falling trend channel in the medium long term.
- This indicates a slower falling rate initially, or the start of a more horizontal development.
- GOOG has support at 106 and resistance at 123.
- Positive volume balance strengthens the stock in the short term.
- Overall assessed as technically neutral for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
QQQ & Nvidia Stock Rising Wedge Resistance | CPI | GOOGL Event - NASDAQ:QQQ rising wedge pattern hitting resistance top this morning,
- NASDAQ:GOOGL 's AI event helped market bounced off todays intra-day low
- GOOGL talked about NVDA a little in its event making NVDA pop a little bit
- NASDAQ:NVDA also close to its top of the rising wedge
- CPI came in 4.9% estimate was 5% so came in slightly cooler
- PPI and jobs data tomorrow 8:30am EST
Google-> BreakoutHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Google stock is finally breaking above a major previous weekly support/resistance level exactly at the $105 area.
You can also see that weekly market structure and moving averages are bullish, the next major resistance is sitting at the $120 level and it overall seems like the bottom is in for Google so I just do expect more continuation towards the upside.
On the daily timeframe you can see that with today's candle Google stock is up almost 5%, creating a massively bullish breakout and breaking all resistance towards the upside so I am now just waiting for a retest of the $105 level and then I do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
GOOG Cup and Handle FormationGOOG price is after a consolidation in price which lasted since beginning of November 2022 starting to look bullish. It is currently testing it's 200 moving average which is sitting at $103 per share price range. If the pattern is formed properly and bulls take over, we could see a potential rise in price to the $125-130 level.
Things to watch and consider:
1. My personal buy point for the GOOG stock would be retest of the 200MA, price levels between $102.5-$104. This buy will be 30% of the planned acquiring of the GOOG stock.
2. Second buy point would be above last known resistance sitting at $108.4 - $108.8 price range, which is also considered as top of the Cup and Handle Formation.
3. If this scenario is set to be false, my stop loss for this position will be just under the 200MA, sitting at price range between $102.5 and $100 per share.
4. If the scenario according to technical analysis seems to be working, my profit target would be in range of $125 to $127 per share, with possibility of moving my take profit level even higher if price is starting to move higher.
Just for everyone's thoughts, this is not financial advice and I am not a financial advisor, please do your Due Diligence before investing your hard earned cash.
4/28 Watchlist + NotesShort Watchlist today. Will go into details from this week on sunday nights list for next week.
SPY - Wanted consolidation or light pull back today and got a massive green day instead. Overall was not expecting this, but to be fair with the amount of dropping we did back to back leading up to today, I think it was fair to see this kind of range. Anyone who played the 2D-2U daily reversal should have made solid profits today. Overall going into tomorrow I am hoping for an inside day to end the week, but with the 2-2 reversal we have now created, we must look at breaking today's high to send us even higher. We have crossed back over the BF midpoint, but the weekly remains a nice red candle so we may not get to see the top of the BF range again. Also worth noting we start a new monthly candle next week so volatility may be high as we finish the weekly and monthly candles
Watchlist:
U - 2-1 at the bottom of a broadening formation drawn a while back. Looking for upside
ARKK - 2-1 at the bottom of a daily trendline for it's 3rd touch. Looking for upside as well
Personally did not trade today and had a super busy day with finals (Done with school for the semester btw), but will be back at it tomorrow and all of next week.
Apologies again for the short list. I will be sure to include all details from this week on my watchlist for monday whenever I get around to posting that this weekend.
Good luck finishing out the week/month strong as always
GOOGL Alphabet Options Ahead of EarningsI you haven`t sold GOOGL here, to buy it cheaper later:
Then analyzing the options chain of GOOGL Alphabet prior to the earnings report this week,
I would consider purchasing the $106.5usd strike price Calls with
an expiration date of 2023-6-16
for a premium of approximately $2.17.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
Google -> Finally The BottomHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Google stock just recently perfectly broke above and is now retesting a major previous weekly structure area which is now turned support at the HKEX:104 level.
You can also see that weekly market structure is now bullish, moving averages are also bullish and the recent price action on Alphabet stock just looks like a solid bottom formation so I simply do expect more continuation towards the upside from the current levels.
On the daily timeframe you can see that market structure is about to shift bearish so I am now just waiting for a clear bullish impulse and break above the daily HKEX:107 resistance before I then do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset: