Alphabet Inc. (GOOG/NASD): general review
04 December 2018, 12:33
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 1125.00 |
| Take Profit | 1150.00, 1170.00, 1190.00 |
| Stop Loss | 1117.0, 1100.00 |
| Key Levels | 1030.00, 1060.00, 1090.00, 1125.00, 1160.00, 1200.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 1089.90 |
| Take Profit | 1050.00, 1030.00 |
| Stop Loss | 1115.00 |
| Key Levels | 1030.00, 1060.00, 1090.00, 1125.00, 1160.00, 1200.00 |
Current trend
Shares of Alphabet Inc. grew by 10.6% from a three-month low in November. On the 3rd of December, the emitter's quotes updated monthly maximum. In the first 9 months of 2018, more than 87% of Alphabet Inc.'s revenue came from advertising. Earlier, the company said that Google Drive was the 8th product of the company, which reached a customer base of more than 1 billion users.
During the previous week, shares of Alphabet Inc. grew by 5.51%. S&P500 went up by 4.40% within the same period.
Support and resistance
Shares of the company went up. At the moment, #GOOG shares are consolidating. Key support and resistance levels are at 1090.00 and 1125.00, respectively. The emitter has the potential to restore.
Indicators don't give a clear signal: the price has consolidated below MA(50) and MA(200), MACD histogram is in the positive zone and continues to grow. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors in the industry, we can say that #GOOG shares are neutral.
Support levels: 1090.00, 1060.00, 1030.00.
Resistance levels: 1125.00, 1160.00, 1200.00.
Trading tips
If the price consolidates above the resistance level of 1125.00, further growth of #GOOG quotes is possible. Potential profits should be locked in by orders at 1150.00, 1170.00, and 1190.00. Stop loss – 1100.00.
If the price consolidates below the level of 1090.00, one may consider selling the company's stock. The moving potential is aimed at the area of 1050.00-1030.00. Stop loss – 1115.00.
Implementation period: 3 days.
Shares of Alphabet Inc. grew by 10.6% from a three-month low in November. On the 3rd of December, the emitter's quotes updated monthly maximum. In the first 9 months of 2018, more than 87% of Alphabet Inc.'s revenue came from advertising. Earlier, the company said that Google Drive was the 8th product of the company, which reached a customer base of more than 1 billion users.
During the previous week, shares of Alphabet Inc. grew by 5.51%. S&P500 went up by 4.40% within the same period.
Support and resistance
Shares of the company went up. At the moment, #GOOG shares are consolidating. Key support and resistance levels are at 1090.00 and 1125.00, respectively. The emitter has the potential to restore.
Indicators don't give a clear signal: the price has consolidated below MA(50) and MA(200), MACD histogram is in the positive zone and continues to grow. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors in the industry, we can say that #GOOG shares are neutral.
Support levels: 1090.00, 1060.00, 1030.00.
Resistance levels: 1125.00, 1160.00, 1200.00.
Trading tips
If the price consolidates above the resistance level of 1125.00, further growth of #GOOG quotes is possible. Potential profits should be locked in by orders at 1150.00, 1170.00, and 1190.00. Stop loss – 1100.00.
If the price consolidates below the level of 1090.00, one may consider selling the company's stock. The moving potential is aimed at the area of 1050.00-1030.00. Stop loss – 1115.00.
Implementation period: 3 days.
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