GOOGL: Closing The Gap Soon?Hello Fellow Stock Traders, Here's a Technical Analysis of GOOGL!
Alphabet Inc. (GOOGL) has exhibited a notable price development by surpassing its Exponential Moving Average 50 (EMA50) and subsequently rebounding off the dynamic support level. This particular price action suggests a bullish trend in the stock. Moreover, there has been an identifiable formation of a descending broadening wedge, followed by a breakout of the upper trendline, accompanied by a bullish marubozu candlestick pattern. This breakout signifies the potential for an upward movement in the stock price.
Furthermore, the bullish outlook is reinforced by the emergence of a golden cross on the Stochastic indicator within the Neutral Area. The occurrence of a golden cross within this context typically indicates a higher probability of an upward movement toward the target area.
Taking these technical factors into consideration, the current price action and indicators point towards a positive outlook for GOOGL, suggesting the likelihood of an upward trajectory in the near term.
It is important to note that the roadmap will no longer be valid once the target/support area is reached.
Feel free to support the channel by clicking the rocket button and sharing your opinions in the comments below!
"Disclaimer: This analysis is intended solely for educational purposes and does not constitute a recommendation to take a long or short position on NASDAQ:GOOGL ".
Stockpicks
VFIN.N0000Wait for pullback to 35
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
Abbott Laboratories in a bull flag.Abbott Labratories - 30d expiry - We look to Buy a break of 109.51 (stop at 106.31)
The primary trend remains bullish.
This stock has seen good sales growth.
Expect trading to remain mixed and volatile.
109.34 has been pivotal.
Posted a bullish Flag formation.
A break of 109.34 is needed to confirm the outlook.
The bias is to break to the upside.
Our profit targets will be 117.51 and 119.51
Resistance: 108.50 / 109.34 / 112.95
Support: 106.80 / 105.96 / 104.00
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NOK Nokia Oyj Options Ahead of EarningsAnalyzing the options chain of NOK Nokia Oyj prior to the earnings report this week,
I would consider purchasing the 4usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $0.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
AA Alcoa Corporation Options Ahead of EarningsAnalyzing the options chain of AA Alcoa Corporation prior to the earnings report this week,
I would consider purchasing the 40usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately 3.00usd.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
7 points to check before investing in any companyStock picking is the core of value investing. Legends like Warren Buffet, Rakesh Jhunjhunwala, and Vijay Kedia are Masters of It.
In this post ,l will teach you how to analyze stocks like a professional.
Stock picking plays a pivotal role in identifying undervalued companies with significant growth
potential.
Here are 7 points to check before investing in any company.
Let’s start...
(Last one is the most important)
Business profile:
How does the company make money?
If the business profile doesn’t look attractive or money-making system is complex for you to
understand, you can stop looking into the company right away.
Always invest in companies whose business is easy to understand and within your circle of
competence.
Management and Promoters structure:
You want to invest in companies with good management who are focused on long-term growth. Look at the track record of current management. Look whether insiders are heavily buying into their own stock, it’s a great sign.
I have seen many promoters who are just dumping their shares to retailers and exiting. Avoid such companies.
Moat:
Just like strategy provides an edge in trading to a trader. A moat is a unique competitive advantage that a company has over its competitors.
Invest in clear market leaders with strong pricing power.
For eg:
e Titan in Jewelry
e BSE in stock exchange
Growth capital:
Good companies don’t require much capital to grow. Check their annual report and seeing which companies are growing in revenue and profits, but the increase in expenses are very less.
CAPEX/Sales and CAPEX/Operating Cash Flow are 2 great metrics to look at the capital efficiency of a company.
Capital usage:
The most important task for company management is to use the capital wisely.
We want a company that is re-investing in its business and buying their own shares. You want to invest in companies with a ROIC > 15%
Balance sheet & profitability:
Only invest in companies which are in good financial health. Don’t trust what their management is speaking , see their results in balance sheet.
We want companies with low debt, high cash flow & high gross margins.
Outlook:
This is most important. Good past records don't gurantee future growth. So it iss very important to invest in a company with a good outlook.
Seek companies which are active in a secular trend. Invest in the Future.
Renewable Energy, EV, Ecommerce, Digital Payment, Luxury Etc.
DDOG Entry, Volume, Target, Stop, ResistanceEntry: when price clears 103.80
Volume: with daily volume greater than 7.9M
Target: 132 area
Stop: Depending on your risk tolerance; 94.42 gets you 3/1 Risk/Reward.
Resistance: 121 area
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
ACN Accenture Options Ahead of EarningsIf you haven`t sold ACN here:
Then Analyzing the options chain of ACN Accenture prior to the earnings report this week,
I would consider purchasing the 340usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $7.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Square Enix | SQNXFSquare Enix Holdings Co., Ltd. engages in the provision of entertainment contents and services. It operates through the following segments: Digital Entertainment, Amusement, Publication, and Merchandising. The Digital Entertainment segment handles the design, development, sale, license sale, and operation of digital entertainment contents mainly on computer games. The Amusement segment provides the design, development, manufacture, sale, and rental of amusement equipment as well as conducts the planning, development, and distribution of arcade game machines. The Publishing segment provides comic magazines, comics, and game strategy books. The Merchandising segment includes the planning, production, distribution, and licensing of derivative works. The company was founded on September 22, 1975 and is headquartered in Tokyo, Japan.
The Company is listed on the Prime Market of the Tokyo Stock Exchange, with the stock code "9684," and prepares its financial statements according to the Japan GAAP
In the Digital Entertainment segment, the HD (High-Definition) Game subsegment, the fiscal year ended March 31, 2023 saw the release of "CRISIS CORE -FINAL FANTASY VII- REUNION," "FORSPOKEN," and "OCTOPATH TRAVELER II." However, because new titles generated fewer earnings than in the previous year, which had seen the launch of "OUTRIDERS," "NieR Replicant" and "Marvel’s Guardians of the Galaxy," the sub-segment’s net sales declined versus the previous fiscal year.
Net sales declined versus the previous fiscal year in the MMO (Massively Multiplayer Online) Game sub-segment, in part because of the lack of any expansion pack launches for "FINAL FANTASY XIV."
The Games for Smart Devices/PC Browser sub-segment saw a decline in net sales versus the previous fiscal year because of weak performances by existing titles.In the Amusement segment, net sales and operating income for the fiscal year ended March 31, 2023 rose versus the previous year because of sharp year-on-year increase in same-store sales.
In the Publication segment, sales of both digital and print media were solid in the fiscal year ended March 31, 2023, but higher prices on printing paper and other inputs led to higher costs. This, combined with other factors such as increased advertising expenses led to a year-on-year decline in operating income.
In the Merchandising segment, the fiscal year ended March 31, 2023 saw brisk sales of products including new character merchandise based on major intellectual properties. However, while net sales rose versus the previous fiscal year, operating income declined, partly due to changes in the sales mix by product.
FINAL FANTASY XVI going to publish soon and gonna be a hit and good success for SE co.
did you try FF XVI demo? any game recommendation?
ZS Zscaler and the U.S. Gov Agencies Hit By CyberattackIf you haven`t bought ZS here:
Then you should know that Zscaler provides cloud-based security solutions, including web security, data loss prevention, and cloud application security.
In light of the recent news regarding cyberattacks on multiple U.S. government agencies, it is reasonable to expect an increased focus on cybersecurity measures, which could potentially benefit cybersecurity stocks in the market. These attacks highlight the vulnerabilities present in the software systems used by government entities, underscoring the urgent need for robust cybersecurity solutions.
The fact that the U.S. Cybersecurity and Infrastructure Security Agency is actively investigating the breach indicates the seriousness of the situation and the government's commitment to addressing these security threats. As such, there may be a heightened emphasis on strengthening cybersecurity infrastructure and investing in advanced technologies to defend against future attacks.
The reported involvement of a Russian-speaking hacking group known as CLOP in previous attacks serves as a reminder of the persistent and evolving nature of cyber warfare. This continuous threat landscape necessitates ongoing innovation and investment in cybersecurity.
Considering these factors, cybersecurity stocks have the potential to experience an upward trajectory. Companies specializing in threat intelligence, network security, endpoint protection, and data encryption could be in high demand as organizations and governments seek to fortify their defenses against cyber threats.
My Price Target for ZS is $185 by the end of the year.
Looking forward to read your opinion about it!
RIVNHere's one worth watching, broken short term trend, bullish engulfing candle on twice relative volume. Needs a daily close and retest of 15.70 area for confirmation PT 1= $21. stock is relatively inexpensive. The way I'd play this is buy shares and sell weekly covered calls against it to protect downside, that way you capitalize no matter what direction it goes in.