Alphabet - Bullish SetupNASDAQ:GOOGL has corrected recently after the criticism on its new Gemini AI. Technical wise, it shows a bullish setup after recent price drop.
ABEA 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 $99.
Scenario 2️⃣: Continuation of Wave-IV Correction
Alternatively, we might be in the midst of an extended Wave-IV correction, possibly even an overshooting Wave-B correction. This could move between 100% and 138%. Since the 138% level coincides with the 100% mark of the primary scenario, it could be challenging to make a definitive determination should these levels be reached.
GOOGL - In-depth breakdown and analysis. Major area to watch!Google chart is very interesting as I noticed while doing an analysis this evening. It may just be past my bedtime but I believe I see an extremely enticing buying opportunity?
Let me know know your thoughts in the comments after watching this!
Obviously anything can happen and this could be the start to a larger downtrend on GOOGL. But if not, I am very enticed by what I'm seeing.
To summarize (even though it will be very helpful for you to watch the video), we are at the bottom of a strong tapered green support channel as well as the bottom of a very strong green controlled selling channel. For anything to break and continue upward, we need to activate our orange strong selling channel so keep an eye out for that.
Have a great night and see you all tomorrow!
Happy Trading (and sleeping) :)
SPX 2000 - 2009 FRACTALThe price structure of Alphabet Inc. looks very identical to the SPX composite index.
The current top aligns well with the SPX October 2007 top.
If the cycle doesn't alternate as is unlikely then we would have a correction underway.
SPX 2000 - 2009
ALPHABET INC.
Trade safe, goodluck
Alphabet Google - Goog - lond idea Dear traders,
Id like to share this idea in order to take long positions, basically the price is in a strong support level around 140$.
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
