Cycle Analysis suggesting that 
GOOGL has another run upward. I expect it would re-test the high and see a dip around earnings, heading towards mid-March 2021.
Yellow window: I'm going to be watching the yellow window as I feel GOOGL still has a little drag left. But, generally, I expect a rally in Jan until about Jan 25. Note: Although GOOGL has confirmed the dip on Dec 21 based on cycles, I also am considering that GOOGL sees a dip about 35-41 trading days before earnings (yellow window). I would look for an entry once this window passes. Provided there is not positive catalyst in the next week for GOOGL, this should be a fairly risk-free entry opportunity.
Expected entry window: $1675-1700. Mainly, I want to wait for an entry after December 30, depending on price action.
Profit target: $1840
Long-term view: I see Alphabet (and other tech stocks) pulling back around mid-Feb to early April. In GOOGL, it happens around mid March, where I expect it could re-test the 200 MA. Good long-term entry if we see this pullback in March.
Good luck!
GOOGL has another run upward. I expect it would re-test the high and see a dip around earnings, heading towards mid-March 2021.Yellow window: I'm going to be watching the yellow window as I feel GOOGL still has a little drag left. But, generally, I expect a rally in Jan until about Jan 25. Note: Although GOOGL has confirmed the dip on Dec 21 based on cycles, I also am considering that GOOGL sees a dip about 35-41 trading days before earnings (yellow window). I would look for an entry once this window passes. Provided there is not positive catalyst in the next week for GOOGL, this should be a fairly risk-free entry opportunity.
Expected entry window: $1675-1700. Mainly, I want to wait for an entry after December 30, depending on price action.
Profit target: $1840
Long-term view: I see Alphabet (and other tech stocks) pulling back around mid-Feb to early April. In GOOGL, it happens around mid March, where I expect it could re-test the 200 MA. Good long-term entry if we see this pullback in March.
Good luck!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.