Google Does it Again: Heads Up for the 2nd Straight Day

The Hourly View for Google

  • Currently, GOOGL’s price is down $-2.06 (-0.08%) from the hour prior.
  • This move is a reversal from the hour prior, which saw price move up.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Google. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Google’s hourly price chart is shown below.

GOOGL

The Daily View for Google

  • Currently, GOOGL’s price is up $15.85 (0.66%) from the day prior.
  • Google has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of Google.

GOOGL

Featured Google Idea From TradingView

Below is a trading comment entitled BTC/USD: Análisis a largo plazo. you may find interesting:

Muchos se estarán preguntando si deberían de vender sus Cryptos, o si el Bull Market se ha acabado. En este post explico porqué me mantengo alcista este año para Bitcoin:1. Bitcoin ETFs: en la oficina de la SEC se han enviado docenas de solicitudes y propuestas al respecto: Fidelity, WisdomTree, Wilshire Phoenix, VanEck, etc. La SEC ya ha pospuesto su decisión, pero el deadline es el 17 Junio. Su aprobación sería de gran impacto para el mercado.2. Reportes del Q2 de las compañías: Recordemos lo que ocurrió en los reportes del Q1: Tesla compró BTC. Además, en la reciente caída, se están viendo grandes cantidades de BTC que salen de las exchange.3. Indicadores HTF: El NVT está dando …

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