Google’s 5 Day Up Streak Comes to an End

The Hourly View for Google

  • Currently, GOOGL’s price is down $-10 (-0.34%) from the hour prior.
  • This move is a reversal from the hour prior, which saw price move up.
  • Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Google’s hourly price chart is shown below.

GOOGL

The Daily View for Google

  • Currently, GOOGL’s price is down $-2.25 (-0.08%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Google has now gone up 4 of the past 5 days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Google. Given that we see an uptrend on the 20 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 Meta Platform – Metavervse you may find interesting:

Mark Zuckerberg’s recent announcement that Facebook will be renamed Meta has sparked a lot of buzz around the topic.The metaverse is an iteration of the Internet portion of virtual reality often in the form of social media.The metaverse in a broader sense can refer not only to virtual worlds governed by social networks but to the entire spectrum of augmented reality.Zuckerberg changed the name of the company only, not the brand of the social network. Let’s remember how Google became Alphabet 6 years ago. It’s the same thing.What is important is something completely different. How many of you watched the Meta presentation, the primary source of information on what’s going on? I think only a few people. In this presentation, the most i…

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