GOOGL trade ideas
Google Earnings Analysis: Key Scenarios in Focus 🔑Ahead of Google's upcoming earnings release tomorrow, we turn our attention to the larger framework of Google's chart. Two key scenarios warrant special attention:
Scenario 1️⃣: Completion of Wave IV
The assumption that Wave IV has already concluded at $83.34 suggests we are currently in the midst of the overarching Wave V. The undergraduate wave cycle is approaching its peak as the completion of wave 5. We expect Wave 5 to either reach its maximum at 100%, i.e., $176.44, or reverse at $155, which is just about $1 above our current price level. Following the conclusion of Wave 5/(1), the onset of a Wave (2) is anticipated, likely correcting between 50% and 78.6% of the previous rise, thus between $120 and $99.
Scenario 2️⃣: Continuation of Wave-IV Correction
Alternatively, we might be in the midst of an extended Wave-IV correction, possibly even an overshooting Wave-B correction. This could move between 100% and 138%. Since the 138% level coincides with the 100% mark of the primary scenario, it could be challenging to make a definitive determination should these levels be reached.
GOOGL - In-depth breakdown and analysis. Major area to watch!Google chart is very interesting as I noticed while doing an analysis this evening. It may just be past my bedtime but I believe I see an extremely enticing buying opportunity?
Let me know know your thoughts in the comments after watching this!
Obviously anything can happen and this could be the start to a larger downtrend on GOOGL. But if not, I am very enticed by what I'm seeing.
To summarize (even though it will be very helpful for you to watch the video), we are at the bottom of a strong tapered green support channel as well as the bottom of a very strong green controlled selling channel. For anything to break and continue upward, we need to activate our orange strong selling channel so keep an eye out for that.
Have a great night and see you all tomorrow!
Happy Trading (and sleeping) :)
Google Commits €25 Million to Boost AI Skills in Europe
Google's ( NASDAQ:GOOG ) recent pledge of €25 million (approximately $26.98 million) marks a significant step towards enhancing artificial intelligence (AI) proficiency across Europe. Announced on Monday, this initiative aims to facilitate AI literacy among individuals, with a particular focus on those who stand to benefit the most from such training. By opening applications for social enterprises and nonprofits, Google ( NASDAQ:GOOG ) seeks to collaborate with organizations capable of effectively reaching target demographics.
Addressing Inequalities Through Education and Training
The decision to allocate funds for this cause reflects Google's acknowledgment of the potential disparities AI advancements may exacerbate. Adrian Brown, Executive Director of the Centre for Public Impact, emphasizes the importance of this program in mitigating economic insecurities and employment disparities. Through comprehensive AI education and skill-building initiatives, Google ( NASDAQ:GOOG ) aims to ensure inclusivity and empower individuals across Europe to thrive in an increasingly AI-driven world.
Expanding Opportunities for Business Growth
In addition to supporting individuals, Google's initiative includes provisions for businesses seeking to harness AI for growth. By establishing "growth academies," the tech giant aims to equip companies with the tools and knowledge needed to scale their operations effectively. Furthermore, the expansion of free online AI training courses to 18 languages underscores Google's commitment to democratizing access to valuable resources.
A Holistic Approach to Regional Development
Google's ( NASDAQ:GOOG ) investment in Europe extends beyond education and training initiatives. Last month, the tech giant announced plans to invest $1 billion in constructing a data center just outside of London. Positioned to meet the escalating demand for internet services in the region, this project signifies Google's long-term commitment to supporting technological infrastructure development in Europe.
The data center, slated to be located in Waltham Cross, emphasizes Google's strategic vision for regional growth and innovation. By leveraging its resources to bolster both human capital and technological infrastructure, Google ( NASDAQ:GOOG ) aims to foster a thriving ecosystem conducive to economic prosperity and societal advancement.
In conclusion, Google's ( NASDAQ:GOOG ) €25 million pledge reflects a multifaceted approach to fostering AI literacy, economic growth, and regional development in Europe. Through strategic investments in education, business support, and infrastructure, Google ( NASDAQ:GOOG ) reaffirms its commitment to empowering individuals and communities to harness the transformative potential of artificial intelligence.
SPX 2000 - 2009 FRACTALThe price structure of Alphabet Inc. looks very identical to the SPX composite index.
The current top aligns well with the SPX October 2007 top.
If the cycle doesn't alternate as is unlikely then we would have a correction underway.
SPX 2000 - 2009
ALPHABET INC.
Trade safe, goodluck
Alphabet Google - Goog - lond idea Dear traders,
Id like to share this idea in order to take long positions, basically the price is in a strong support level around 140$.
125- 140$ is is a good price range to look for buying opportunities.
Additionally RSI is relaxing after the previous rally getting out the overbought area.
best,
GOOGLE Is this sell-off a buy opportunity?Alphabet Inc. (Google/ GOOG) got rejected today on the 1D MA50 (blue trend-line) and it dipped the lowest it has below it since the October 27 2023 Low. That was a Higher Low at the bottom of the 1-year Channel Up pattern.
Technically this decline is following the same pull-back sequence as the June 07 - July 10 2023 pattern. As long as the Channel Up holds or as a measure of last resort, the 1D MA200 (orange trend-line), we will treat this sell-off as a buy opportunity, targeting the 2.236 Fibonacci extension at $168.00, which is where the previous Higher High was priced.
Also keep an eye on the 1D RSI which is piercing the 39.50 symmetrical Support. A break below it means that the stock will be a buy opportunity on the 30.00 oversold RSI barrier regardless.
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Google Stock Slips As it Grapples With Al Tool CriticismGoogle ( NASDAQ:GOOG ) introduced the image generator earlier this month through Gemini, the company’s main suite of AI models. The tool allows users to enter prompts to create an image. Over the past week, users discovered historical inaccuracies and questionable responses, which have circulated widely on social media.
“We have taken the feature offline while we fix that,” Hassabis said Monday during a panel at the Mobile World Congress conference in Barcelona. “We are hoping to have that back online very shortly in the next couple of weeks, few weeks.” He added that the product was not “working the way we intended.”
Alphabet ( NASDAQ:GOOG ) shares fell almost 4% on Monday to $138.51 as of early afternoon.
The controversy follows a high-profile rebrand Google ( NASDAQ:GOOG ) announced this month when it changed the name of its chatbot and rolled out a fresh app and new subscription options. The chatbot and assistant formerly known as Bard, a chief competitor to OpenAI’s ChatGPT, is now called Gemini, the same name as the suite of AI models that power the chatbot.
Here are some examples of what went wrong.
When one user asked Gemini to show a German soldier in 1943, the tool depicted a racially diverse set of soldiers wearing German military uniforms of the era, according to screenshots on social media platform X.
When asked for a “historically accurate depiction of a medieval British king,” the model generated another racially diverse set of images, including one of a woman ruler, screenshots show. Users reported similar outcomes when they asked for images of the U.S. founding fathers, an 18th-century king of France, a German couple in the 1800s and more. The model showed an image of Asian men in response to a query about Google’s own founders, users reported.
“The Gemini debacle showed how AI ethics *wasn’t* being applied with the nuanced expertise necessary,” Margaret Mitchell, chief ethics scientist at Hugging Face and former co-leader of Google’s AI ethics group, wrote on X. “It demonstrates the need for people who are great at creating roadmaps given foreseeable use.”
Alphabet CEO Sundar Pichai is shouldering some of the blame. Pichai highlighted the firm’s commitment to AI during the company’s latest earnings call and said he eventually wants to offer an AI agent that can complete more tasks on a user’s behalf, including within Google Search. He said at the time that there is “a lot of execution ahead.”
The latest problems with Gemini have reignited a debate within the AI industry, with some groups calling Gemini too “woke,” or left-leaning, and others saying that the company didn’t sufficiently invest in the right forms of AI ethics. Google came under fire in 2020 and 2021 for ousting the co-leads of its AI ethics group after they published a research paper critical of certain risks of such AI models and then later reorganizing the group’s structure.
The controversy isn’t limited to Gemini’s image generator. On Sunday, a text-based user query went viral, asking the Gemini chatbot whether Adolf Hitler or Elon Musk’s tweeting of memes had a greater negative impact on society.
“It is difficult to say definitively who had a greater negative impact on society, Elon Musk or Hitler, as both have had significant negative impacts in different ways,” Gemini responded. “Elon Musk’s tweets have been criticized for being insensitive, harmful, and misleading.” The model later added, “Hitler, on the other hand, was responsible for the deaths of millions of people during World War II.”
Google ( NASDAQ:GOOG ) said in a statement Wednesday that it’s working to fix Gemini’s image-generation issues, acknowledging that the tool was “missing the mark.” The following day, the company announced it would immediately “pause the image generation of people” and “re-release an improved version soon.”
Google ( NASDAQ:GOOG ) is investing heavily to push its AI work into the realm of AI assistants or agents, a term often used to describe tools ranging from chatbots to coding assistants and other productivity tools.
AI agents could eventually schedule a group hangout by scanning calendars to ensure there are no conflicts, book travel and activities, buy presents for loved ones or perform a specific job function such as outbound sales. Currently, the tools are largely limited to tasks such as summarizing, generating to-do lists or helping to write code.
Google’s ( NASDAQ:GOOG ) Gemini changes are a first step to “building a true AI assistant,” Sissie Hsiao, a vice president at Google and general manager for Google Assistant and Bard, told reporters on a call earlier this month.
Reddit and Google Sealed $60 Million AI PartnershipReddit has sealed a landmark partnership with tech giant Google (GOOG), valued at a staggering $60 million annually. This strategic alliance marks a significant milestone in the realm of data integration and AI advancement, with far-reaching implications for both companies and the broader tech industry.
At the heart of this transformative partnership lies Reddit's decision to grant Google ( NASDAQ:GOOG ) access to its data API, enabling real-time integration of Reddit's vast repository of user-generated content into Google's AI models. This move underscores Google's unwavering commitment to pushing the boundaries of AI innovation, leveraging Reddit's unique position as a hub of authentic, human conversations and experiences on the open internet.
Rajan Patel, Vice President of Google ( NASDAQ:GOOG ), emphasized the deepening of the longstanding relationship between the two companies, citing Reddit's pivotal role as a platform fostering genuine human interaction. Patel expressed excitement about the collaborative efforts aimed at making Reddit's invaluable information more accessible and beneficial to users across Google's suite of products and services.
For Reddit, this partnership represents a strategic opportunity to monetize its vast trove of user-generated content while also addressing user concerns regarding the commercial use of such data. By granting Google ( NASDAQ:GOOG ) access to its data API, Reddit stands to benefit financially, particularly as it gears up for its highly anticipated initial public offering (IPO). This strategic move not only enhances Reddit's valuation but also positions the platform as an attractive investment opportunity for potential investors.
Google's aggressive pursuit of AI innovation has been evident in its recent product launches and initiatives in open-source AI development. By securing access to Reddit's data API, Google ( NASDAQ:GOOG ) gains a valuable source of training data, enabling it to refine its AI capabilities and search algorithms significantly. The partnership empowers Google ( NASDAQ:GOOG ) to leverage Reddit's rich insights into human behavior, preferences, and interactions, thereby bolstering its position as a leader in AI research and development.
However, the road to this landmark partnership has not been without its challenges. Past disagreements between Reddit and Google ( NASDAQ:GOOG ) have underscored the complexities inherent in such collaborations. Nevertheless, both companies have demonstrated a shared commitment to overcoming these obstacles and forging ahead with a mutually beneficial partnership that promises to redefine the future of AI innovation.
Partnerships like the one between Reddit and Google ( NASDAQ:GOOG ) are likely to become increasingly prevalent. By leveraging each other's strengths and resources, companies can drive innovation, accelerate technological advancements, and unlock new opportunities for growth and development.
GOOGL Flagging Above Accumulation ZoneGOGLE is flagging nicely above an accumulation zone that's been intact for 7 months. We're seeing higher lows since October, and currently price is sitting above the 50 EMA and right at the 20 EMA. A breakout on volume should send this to $150 and beyond to new highs.
GOOGL: Gap-Filling Strategy with Exciting 6% Upside Potential !Hi Realistic Traders, let's delve into the technical analysis of NASDAQ:GOOGL
On January 31, 2024, Alphabet's stock exhibited a gap down in after-hours trading subsequent to the disclosure of lower-than-anticipated ad revenue. Following this, the stock stabilized its descent, finding support at both the bullish trendline and the EMA90 line, indicating a possible rebound in this zone.
Furthermore, a bullish hammer pattern emerged, accompanied by elevated trading volume. These technical indicators commonly suggest a potential upward movement, either to close the gap or reach the predefined target area.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on GOOGL."
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
Alphabet's Uptrend May Be at RiskAlphabet has climbed for the past year, but now its uptrend may be at risk.
The first pattern on today’s chart is the late-January failed breakout above the November 2021 high of $150.97.
GOOGL then fell and held the bottom of a rising channel and its 50-day simple moving average. It bounced and returned to close back under those lines last week. Is the uptrend breaking?
Also consider how the Internet giant only reached the middle of the channel on February 9 before rolling over. The resulting lower high may also suggest the uptrend is faltering.
Next, MACD is falling and the 8-day exponential moving average (EMA) just crossed below the 21-day EMA. That may reflect weakness in the shorter term.
Finally, you have bearish gaps after the last two quarterly reports. This contrasts sharply with NASDAQ:MSFT Microsoft and NASDAQ:META Meta Platforms, which both hit new highs. (MSFT and META are also outperforming in the key areas like Cloud and advertising.) Does GOOGL’s rangebound price action resemble NASDAQ:AAPL Apple’s, with weakening fundamentals as rivals break out?
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OPTIONS"When I made this song, I was at One Sound Studio in Memphis, South Memphis. I recorded “Shotta Flow” there, “Shotta Flow 2” there. That was where I recorded my first song at, actually. The first song I ever recorded. One Sound’s home, pretty much. Minus, he sent the beat to my phone. He did the “Shotta Flow” beat. I worked with him in the past. I was like, “Bruh, this beat a song,”. I was tryin to dissect it. I was like, “What i'mma do wit it?” And I had to just listen ‘til I really found out what I wanted to do with the beat. I usually freestyle on my songs. But I wrote most of this song. I wrote the hook. The hook especially 'cause I knew that was the grabber of the song. That was the part I really, know what I’m sayin’, put my most focus on. When I said, “Before you try rob, hit your knees and pray to Buddha,” from that point on it was a freestyle. That was a freestyle from that point on. I usually, if I write, I don’t ever write two verses cause I don’t really have that much time. I write one verse and then I say, “Imma just freestyle the other verse.” When I made the song and it was done I was like, “Yeah, it’s hit, for sho.” I think with “Capo” I made it a bit more melodic and stuff just because I wanted to do somethin' different. I’m tryin' to stay different. It’s just somethin' clicked in my head like, “Bruh, do this. This shit is gon' be hard.” And I changed it up, and when I made this song I was like, “Bruh, this, know what I’m sayin, it’s a slap on God.”-NLE
** GOOGL Price Action review **Going over one of our favorite stocks of the year GOOGL. looking over it we are in a full on downtrend no real bounce even though the market had a few great up days. Again we will have a dynamic plan and let the market tell us when to take action. we're not going to predict we're going to react. Where do we take Action is the right question.
GOOGLE: Bearish - DEEP CRAB "on the Menu": Wolf Alert.GOOGLE: Bearish - DEEP CRAB "on the Menu": Wolf Alert.
GOOGLE results coming out tomorrow
However according to my technical analysis, the action should fall back to the white rectangle zone, towards 146, according to ICHIMOKU and the "Kijun"
+ slight divergence on R.O.C
Monitor GAPs as they can be potential targets, stick the EMA.50 and EMA.200
4 Accurate Predictions Made by AI for Alphabet (GOOG, GOOGL)In the dynamic world of stock trading, the integration of Artificial Intelligence (AI) has revolutionized market analysis and prediction accuracy. Alphabet Inc. (GOOG, GOOGL), a leading tech giant, has been at the forefront of showcasing how AI can be utilized to predict stock market trends with remarkable precision. This article delves into four specific instances where AI successfully predicted Alphabet's stock movements, providing traders with lucrative opportunities. These cases exemplify the growing influence and reliability of AI in financial markets, offering insights into both bearish and bullish patterns that have resulted in significant gains for informed traders.
Prediction #1. Downtrend Detected
AI detected bearish Stock Pattern: Broadening Wedge Ascending GOOG on October 25, 2023, netting in a 10.61% gain over 2 weeks
On October 11, 2023, AI detected a Broadening Wedge Ascending Pattern (Bearish) for Alphabet (GOOG, $141.70). 14 days later, on October 25, 2023, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On October 25, 2023, the stock hit the target price of $128.11 – resulting in a +10.61% gain for traders who shorted the stock on the pattern detection date.
Prediction #2. Downtrend Detected
AI detected bearish Stock Pattern: Wedge Rising GOOGL on September 13, 2023, netting in a 6.10% gain over 2 weeks
On September 11, 2023, AI detected a Wedge Rising Pattern (Bearish) for Alphabet (GOOGL, $136.92). 2 days later, on September 13, 2023, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On September 26, 2023, the stock hit the target price of $127.46 – resulting in a +6.10% gain for traders who shorted the stock on the pattern detection date.
Prediction #3. Uptrend Detected
AI detected bullish Stock Pattern: Head-and-Shoulders Bottom GOOG on August 29, 2023, netting in a 3.89% gain over 5 days
On August 24, 2023, AI detected a Head-and-Shoulders Bottom Pattern (Bullish) for Alphabet (GOOG, $130.42). On August 29, 2023, A.I.dvisor confirmed the Bullish pattern, setting a target price of $136.93. On August 29, 2023, GOOG reached the target price resulting in a +3.89% for traders who took a long position in the stock.
Prediction #4. Uptrend Detected
AI detected bullish Stock Pattern: Head-and-Shoulders Bottom GOOGL on August 29, 2023, netting in a 3.61% gain over 4 days
On August 25, 2023, AI detected a Head-and-Shoulders Bottom Pattern (Bullish) for Alphabet (GOOGL, $129.88). On August 29, 2023, A.I.dvisor confirmed the Bullish pattern, setting a target price of $136.24. On August 29, 2023, GOOGL reached the target price resulting in a +3.61% for traders who took a long position in the stock.
These four accurate predictions made by AI for Alphabet's stocks (GOOG, GOOGL) underscore a new era in stock market analysis. The ability of AI to detect complex patterns like the Broadening Wedge Ascending and Head-and-Shoulders Bottom, and accurately predict market movements, is a testament to its growing significance in financial forecasting. These instances not only highlight the potential financial gains for traders leveraging AI insights but also mark a transformative shift in how market analysis and trading decisions are approached. As AI continues to evolve, its role in guiding investment strategies and shaping the future of stock trading becomes increasingly pivotal.
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