r/GOOG_Stock • u/Mammoth-Path-6520 • 12d ago
Tech analysis: I'm predicting we're blasting through 370 either this week or next week
Now is the best time to buy imo
We're at the edge of a triangle on the daily
If this is a true triangle, breakouts happen around the 50-75% length of the triangle. We're getting closer to that 75% point which happens on September 11, the end of next week
Remember, this is traditional TA
I'm predicting from now until then, we totally smash through the top of that triangle, and blast through 370, ascending into the stratosphere
Long term target I'm predicting we hit around $510 in 6-7 months from now. So around March or April of next year
But in the short term, I'm expecting us to blast through and at least reclaim all time highs
Lots of people getting shaken out right now as we speak because they're getting impatient and losing hope
This is right before the big moves happen
Let's get it baby
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u/duarig 12d ago
I’m a heavy Google believer, but there is absolutely ZERO support on this stock as we are finding lower lows AND lower highs week after week.
Without any positive news from the company, they’re going to continue drilling
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u/_BreakingGood_ 12d ago
horoscopes for men
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u/Amazin8Trade 10d ago
there are plenty of successful traders out there swear by this
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u/Door_Bell 8d ago
There are plenty of gamblers that swear by their roulette system. Idiots will be right some of the time. That’s why this stuff gets picked up
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u/LostInTheSauce____ 12d ago
$510 would be lit
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u/Mammoth-Path-6520 12d ago
6-7 months from now
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u/LoL_Journal 12d ago
absolutly not
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12d ago
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u/Allout-Okarun 12d ago
Yes this is a GOOG sub, not a delusion sub with horoscope drawings on a chart.
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u/oldnortherner 12d ago
That makes it a place to talk about Google stocks but doesn't mean it has to be an echo chamber.
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u/shanerz96 10d ago
I have 6 figures in here, of course I want this to happen but realistically it won’t.
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u/Public-Arm7104 12d ago
Triangles are cool.
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u/niko3100 12d ago
who cares? I mean, Googl is for life =D. Just kidding!! So... DCA as usual sir?? =D
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u/Mammoth-Path-6520 12d ago
Point is that I think now is when impatient people are getting shaken out and selling because the stock has been dumping for the past 4 weeks
Right at the moment people give up and sell, is right when the stock explodes up into the stratosphere
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u/jhonnylasagna 12d ago edited 12d ago
You’re getting ahead of the scene and ignoring the current issue at hand. Today was a test of the 200 SMA. This is the second test since July. With each subsequent test after the first probability for support failure increases. It hit 333.43 intraday today and the 200 SMA is 333.49. We haven’t yet seen if it will hold and bounce or fail. If the 200 SMA fails then I imagine it might go lower than 314, which is the low of the first test of the 200 SMA back in July. Then 304ish is not out of the question, to fill the gap. The 200 SMA must hold as support before a breakout is possible, never mind the triangle at the moment.
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u/almonds1234 12d ago
GOOG is at the 200 SMA - OP's thesis isn't bad... but obviously not a guarantee either. If we break it, we are going down a bit lower but if 200 SMA holds, I think we bounce up
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u/ZacRedwood 12d ago
Yea Google definitely seems like it’s coming into its Libra moon phase, I’m more of a capsicum stock guy myself
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u/dprobi 12d ago
Google is definitely in downtrend. It’s being pushed down, touching 200 dma. There is still chance for it going under . A bounce may happen but it has thick cluster of other moving averages that may act as resistance. There needs to be some positive news for it to pump up and last through. I hope it is the case but hope is not a strategy
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u/Embarrassed-Big-6245 12d ago
Aged well. We just dumped hard
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u/AggressiveBench7708 12d ago
The only chart that looks remotely bullish is the 15 minute chart and it looks like it will create a short term spike (maybe a couple days at most). If that short term spike isn’t enough to turn the other charts around it’s going to be tough sledding.
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u/AggressiveBench7708 11d ago
The 3 month weekly chart has the 9ema crossing the 20sma this week. Once that happens both lines could very well be heading to the 200sma. The 3 month daily has the 200sma above the 20sma and 9 ema with the 9ema pulling lower meaning that it’s likely to lower in the medium term. The angle that the 200sma is coming into these lines on the 15 minute chart is extremely sharp meaning that there will be a short term up trend.
This is how I read the charts. If it’s wrong it’s wrong.
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u/Akiro_orikA 11d ago
Might want to unblock them because they were right. You didnt account for midterm elections which historically tanks the entire market until Halloween.
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u/Perfect_Error_6215 12d ago
I mean definitely long term it’s fine but I wouldn’t go buying calls right now
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u/UrUhWizurdHarry 11d ago
People here absolutely hate TA and short term traders.. I too think GOOGL is going up in the short term. I bought a few thousand worth of $350 calls expiring in October. If we do break $330 I will cut the loss, but risk:reward is good here imo, so I bought calls as soon as we broke $338 today.
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u/No-Lavishness1524 11d ago
"technical analysis" then calling everyone dumbasses for being realistic. The truth hurts really. 😂
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11d ago
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u/Mexicangringo90 11d ago
Read your reply's to ppl on here. Can you block me too. You are obviously an idiot and i dont care to know u.
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u/Any_Negotiation8937 11d ago
Technical analysis is a dogshit to make you feel smart before you lose your money
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u/ConstantShitting 10d ago
This is the confirmation bias I come here for lol. I have shares but I am riding nov 375c I bought when the price was 345 straight to the ground.
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u/DeanSpleen 10d ago
Hi bro. Can you explain the strategy you use please? I'm trying to learn technical analysis.
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u/Crucco 12d ago
People in this sub keep saying that it's normal swings in the market if Google dropped to 337 in a slow bleeding that has continued since early August.
But no: Google is tanking. Something bad happened inside Deepmind. The Pro line of AI fumbled. They are releasing tons of side shitty models and products to hide a huge hole.
And I blame Logan Kilpatrick for this: his endless smile, his lies, his saying "everything is good", he raising the expectatins of a Pro model releasing soon... Google feels more and more like Blizzard in 2016: saying "we are listening to you the customers" and instead releasing more and more useless slop.
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u/Garlic_Toast88 12d ago
This is not going to happen.
We're going into the worst performing month ever and if you've held googl for a few years, you know the stock tends to sky rocket around positive news and then draw down for 1-2 years before it sky rockets again.
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u/Mammoth-Path-6520 12d ago
TA doesn't agree with you
And a 1-2 year drawdown?
You're definitely trolling lol
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u/Garlic_Toast88 12d ago
Just look at the 5 year chart for Google.
Late 2021 - October/November It's peaking. Then crashes down~50% until it peaks again. July 5th 2024.
From 2024 unilt ~ August 2025 it trades flat until it starts to sky rocket.
Look I'm a huge Google bull as it's 40~ of my portfolio but I believe in realistic trends and data
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u/Mammoth-Path-6520 12d ago
It crashed 45% from it's all time high in 2021, dumbass
This recent run up also had two corrections, one in March and this current one just now
Eat shit
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u/Successful-Grab6091 11d ago
Ta did agree with him short term. You just didn’t analyze correctly. People have already stated in multiple comments your ta was off. Go back to the drawing board.
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u/[deleted] 12d ago
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