Google Does it Again: Heads Up for the 5th Straight Day

The Hourly View for Google

  • At the moment, GOOGL’s price is down $-8.54 (-0.28%) from the hour prior.
  • Google has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe.
  • 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 $15.17 (0.51%) from the day prior.
  • Google has seen its price go up 8 out of the past 10 days, thus creating some compelling opportunities for bulls.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on Google. Given that we see an uptrend on the 20 and 5 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • 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 GOOGL: $3100 COMES you may find interesting:

The flow is saying that GOOGL to $3100 by 11/19. I tend to agree. Although she let us down on Friday, GOOGL has been one of our biggest winners to date. A touch of the 8D at 2925 would be a great buy. Would look at the 3000c for 11/19.

AlphaTradersInc