danielle-fst-header
five-star-newsltter-mobile

Trading & Investing in Google (GOOGL)

Google – A Long-Term View

During volatility, specifically during a bear market, it can be hard to focus on the long-term trends and longer-term view. I know as much as the next person how challenging it can be to watch your 401k balance take a hit, equities trade lower, and news headlines focus on negativity. But, it’s during those times that keeping the long-term plan in view is essential.

For example, look at this monthly Alphabet Inc (GOOGL) chart.

GOOGL – Monthly Chart – 5.11.23

 

Have you seen a gorgeous cup and handle pattern? I mean, this is beautiful. Of course, after the downturn we have seen, there is quite a bit of overhead resistance.

I have Fibonacci resistance zones at $122, $130, $145, and then at $150. So, it’s not without challenges. But, this is a bullish chart with incoming volume and a great momentum shift. This is why I’ve been buying this stock for the long term, and I’ll continue adding more.

Making Money with Charles Payne

I just stopped by Charles’ show to discuss what I’m doing with Google from here. Check it out on Youtube below:

If you want to learn more about the full trading setup, check out this video I made on Monday, before Google took off. 

 

 

 

Up Next...

Top AI Add On Plays After Nvidia’s Strong Earnings Report

Shares of Nvidia (NVDA) soared today after the company reported earnings that were well above estimates. Most impressive however, was the company’s estimates for next quarter’s revenues which was more than 50% above Wall Street estimates. NVDA cited surging demand for its chips that help with artificial intelligence applications and the stock is poised to … Read more

Read More

Consumer Staples Stocks Have Broken Key Support – Here’s What You Need To Know

The Consumer Staples sector closed below its key 50-day moving average today and is on track to be the worst performing area for the week. This underperformance began last week and was along with other defensive areas of the market such as Utilities and Healthcare. At first glance, it appeared as if last week’s 4% … Read more

Read More

Retail Earnings, Consumer Discetionary, and more

  Identifying Opportunity in Chop When the market is choppy, it can be a bit frustrating for those of us traders who love identifying directional moves. But, as we know, the market chops around 80% of the time and spends the other 20% of the time making big moves. It’s our job as traders to … Read more

Read More

Subscribe Today!

Want to walk the path to trading success together? Join Danielle’s “Five Star Trader” E-Letter for market insights, tips, tricks, and special bonuses.

Sign Up Now
all-as-seen-on-logos