GOOGLE - Still in a Correction ? Buy Opportunities
As many of the private clients we are currently consulting demand analyses on equities traded in different exchanges around the world, we have decided to select what we believe are the most popular stocks and publicly share our thoughts on these.
A very popular stock is Google 0.01% , and we will start with that. Google 0.01% closed last week's session at a price of 1159.27, a very high price per share. The reason we are currently monitoring this specific stock is that the movement made in the last 6-8 weeks does not seem that impulsive to us. If by any chance we are right in regards to this, this could mean that the sideways weekly correction Google 0.01% has been in is not over. And again, if we are right on this, this would be great news for us, because we will have the opportunity to go long at the end of the correction. Those who have followed this stock from the $100 range have had numerous corrections as an opportunity to get into the buy. As a reference and an educational purpose, we have marked these corrections on the chart, also indicating when we first recommended to our clients to buy and hold this stock (before Tradingview). Going back to our analysis, as it stands now, there are no indications that what we hope for will happen, as, frankly speaking, the correction is complete in itself as it is, as the B wave did not break the top but the C wave broke the A low, so the correction under all formal respects could already be finished. However, looking the daily timeframein detail, and as mentioned right at the beginning of this publication, we can see that price over the last weeks came up as a correction, which tells us that the big sideways weekly correction might not be over. In other words, as it stands now, there is still a chance to add long positions on this stock in the near future, if the price drops further (around the 950 - 980 area). Updates on weekly and daily timeframes will follow.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
A very popular stock is Google 0.01% , and we will start with that. Google 0.01% closed last week's session at a price of 1159.27, a very high price per share. The reason we are currently monitoring this specific stock is that the movement made in the last 6-8 weeks does not seem that impulsive to us. If by any chance we are right in regards to this, this could mean that the sideways weekly correction Google 0.01% has been in is not over. And again, if we are right on this, this would be great news for us, because we will have the opportunity to go long at the end of the correction. Those who have followed this stock from the $100 range have had numerous corrections as an opportunity to get into the buy. As a reference and an educational purpose, we have marked these corrections on the chart, also indicating when we first recommended to our clients to buy and hold this stock (before Tradingview). Going back to our analysis, as it stands now, there are no indications that what we hope for will happen, as, frankly speaking, the correction is complete in itself as it is, as the B wave did not break the top but the C wave broke the A low, so the correction under all formal respects could already be finished. However, looking the daily timeframein detail, and as mentioned right at the beginning of this publication, we can see that price over the last weeks came up as a correction, which tells us that the big sideways weekly correction might not be over. In other words, as it stands now, there is still a chance to add long positions on this stock in the near future, if the price drops further (around the 950 - 980 area). Updates on weekly and daily timeframes will follow.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.