Google sinking. GOOGOne zigzag complete, X Wave complete. We are willing to be that a second zigzag in this generally corrective setup has started. Current price level very close to confirmation.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Google (Alphabet)
Expecting a bounce back on Alphabet. GOOGFlat completed, now we are due for a bounce back, be it a dead cat bounce. Fib progression shows that there is still plenty of room (and time) for the market to show what it can do for the upside. Volatility flipped not too long ago on the 6 hourly also. Momentum uptrending for background.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Likely Bullish next wave - Google (GOOG OR GOOGL) Likely!IMO GOOG started dropping and formed a bearish flag. Flag was broken downwards, but instead it started moving upwards. If bear flag pattern have truly applied, then it should have started dropping at this point towards 84 to 83 level. But it didn't. So IMO flag was already broken and it transition to Megaphone pattern. And this would make sense with strong down drop. Hence I am thinking there would be strong bullish move upwards. And later after small drop on wave 5, stock will break Megaphone and move upwards. Any thoughts? Or time will tell.
Google buy zone approachingBuy zone for google in my opinion is approaching. There's a gap fill to fill right around 100-98$. I have a buy set for 99$. that would be -35% from the top. if it goes lower I'm fine with that ill keep DCA as it'll be a long term hold. google have spoken much going on and finger in so many different pies that its impossible for them not to see future growth in my opinion. great company and great long term hold.
GOOGNASDAQ:GOOG NASDAQ:GOOG
My analysis is that if there are a core of companies capable of weathering out a recession that Google is among
them with its search engine and cloud services at the core of its services.
On the weekly chart, Google like others had an uptrend after the COVID crash of March 2020 until last winter.
Right now, a downtrend is retracing the uptrend of April 2020 through November 2021.
I see the downward trend now ending as the retracement is about 50% into the mid-Fibonacci levels.
In the context of the MACD indicator showing low momentum and the K / D lines below the
histogram, I see a reversal setup to the long upside.
My analysis supports GOOG in a swing long setup now ready for entry.
AbbVie Inc, ABBV NYSE 4HNYSE:ABBV
rsi in the oversold territory, which is starting to reverse to the bull side,
flipped bullish on a micro timescale, falling wedge, breaking out to the upside,
first target 140.75, then possible retest before 146.26.
we've been in this long term downtrend channel since April 2022, I expect to break out of it, once
we test 150.36 flip it as support then go for for 175.89 previous April top. fundamentals and news tend
to effect this stock a lot, so with positive momentum and good news. bullish times could be ahead.
Bear scenario is we test 125 before a full reset.
For the current quarter, AbbVie is expected to post earnings of $3.59 per share, indicating a change of +7.8% from the year-ago quarter. The Zacks Consensus Estimate has changed -2.2% over the last 30 days.
The consensus earnings estimate of $13.90 for the current fiscal year indicates a year-over-year change of +9.5%. This estimate has changed +0.2% over the last 30 days.
all this is just my opinion , none of what I say should be taken as financial advice. DYOR
Regards Percy
$GOOG and GOOGLE serving us a big cup of tea, can you handle itBig cup & handle wyckoff accumulation schematic developing on GOOGLE!
This level is make it or break it.
$GOOG hasn't had the the most exciting price action lately but we could be in for a big surprise to the upside if it can hold this current level. Gaps to the upside.
IF NOT.. support levels are marked to the downside.
It's decision time.
GOOGLE - 4 REJECTIONS OFF 120 -SHORT TO 105 BY SEPT 4 rejections off 120
Not Participating in Tech Rally = Weakness
MACD Histogram negative – Divergence
RSI Overbought
IF = Google BREAKS - VWAP AT 117
Bear Put Spread - 117 / 105 - 40% PROBABILITY =
1 RISK FOR 3 REWARD Potential Sept 3 Exp
THE BIGGER PICTURE FOR GLOBAL TECH IS OVERBOUGHT AND NEGATIVE
CPI NEXT WEEK
FED HIKE SEPT
TIGHT JOB MARKET = HIGHER WAGES AND COSTS
GOOGLE LAYOFFS
EUROPE RECESSION
CHINA SLOWING
WAR AND TENSIONS
BIG TECH RECOVERYThe Daily chart shows the composite price action for one share each of
GOOG
META
MSFT
AAPL
It shows a low of the year in mid-June about the same time as the SPY bottomed.
The Awesome Oscillator confirms the uptrend.
The uptrend seems to be bounded by an ascending parallel channel.
There has been a combined 10% price rise in the six weeks since with steady price
action including some retracement.
The high volume area of the profile could be resistance at its upper boundary
and so this composite of tickers could soon be at resistance.
GOOGL SHORT OFF 120 RESITANCE -Target 107 - SEP 34 rejections off 120 – 50% fib RETRACEMENT
Not Participating in Tech Rally =Weakness
MACD Histogram negative – Divergence
RSI Overbought
IF = Google BREAKS - VWAP AT 117
Bear Put Spread - 119 / 107 - 40% PROBABILITY = 1 RISK FOR 3 REWARD Potential Sept 3 Exp
THE BIGGER PICTURE FOR GLOBAL TECH IS OVERBOUGHT AND NEGATIVE
CPI NEXT WEEK
FED HIKE SEPT
UNEMPLOYMENT RISING
EUROPE RECESSION
CHINA SLOWING
WAR AND TENSIONS
7/27/22 GOOGAlphabet Inc (Google) Class C ( NASDAQ:GOOG )
Sector: Technology Services (Internet Software/Services)
Market Capitalization: $1.493T
Current Price: $113.60
Breakout Price: $114.80
Buy Zone (Top/Bottom Range): $112.80-$105.40
Price Target: $120.20-$121.80 (1st), $126.40-$129.10 (2nd)
Estimated Duration to Target: 36-38d, 65-68d
Contract of Interest: $QQQ 9/16/22 115c, $QQQ 10/21/22 115c
Trade price as of publish date: $4.60/contract, $6.50/contract