Cycle Analysis suggesting that 
GOOGL has another run upward. I expect it would re-test the high and see a dip around earnings, heading towards mid-March 2021.
Yellow window: I'm going to be watching the yellow window as I feel GOOGL still has a little drag left. But, generally, I expect a rally in Jan until about Jan 25. Note: Although GOOGL has confirmed the dip on Dec 21 based on cycles, I also am considering that GOOGL sees a dip about 35-41 trading days before earnings (yellow window). I would look for an entry once this window passes. Provided there is not positive catalyst in the next week for GOOGL, this should be a fairly risk-free entry opportunity.
Expected entry window: $1675-1700. Mainly, I want to wait for an entry after December 30, depending on price action.
Profit target: $1840
Long-term view: I see Alphabet (and other tech stocks) pulling back around mid-Feb to early April. In GOOGL, it happens around mid March, where I expect it could re-test the 200 MA. Good long-term entry if we see this pullback in March.
Good luck!
GOOGL has another run upward. I expect it would re-test the high and see a dip around earnings, heading towards mid-March 2021.Yellow window: I'm going to be watching the yellow window as I feel GOOGL still has a little drag left. But, generally, I expect a rally in Jan until about Jan 25. Note: Although GOOGL has confirmed the dip on Dec 21 based on cycles, I also am considering that GOOGL sees a dip about 35-41 trading days before earnings (yellow window). I would look for an entry once this window passes. Provided there is not positive catalyst in the next week for GOOGL, this should be a fairly risk-free entry opportunity.
Expected entry window: $1675-1700. Mainly, I want to wait for an entry after December 30, depending on price action.
Profit target: $1840
Long-term view: I see Alphabet (and other tech stocks) pulling back around mid-Feb to early April. In GOOGL, it happens around mid March, where I expect it could re-test the 200 MA. Good long-term entry if we see this pullback in March.
Good luck!
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.