$GOOGL .... LETS GET LOUD!!!

Within the last month, we have watched GOOGL get absolutely crushed, most of which has to do with a generally weak earnings report in early February. However, skepticism of this price action and investor sentiment is the only thing that should be on anyone's mind right now. One thing we know for a fact is that Google isn't going anywhere especially considering all the data they collect on their users. So why not apply this reasoning into buying the dip? To answer that, we should Look First/Then Leap...

Here is the 4 Hour chart refencing back into September of 2024.



Let's start with the circle. The reason I have the area marked is because of the key factors in play that indicate we may possibly be bottoming out on this timeframe. Firstly, there are two lines to keep an eye on, a diagonal trendline and a horizontal price-level line. GOOGL's price action seems to obey these two levels (for whatever reason), which are coincidentally in the same area at the same time. Secondly, GOOGL has just shown a rebound from the 400 EMA which also falls within this area giving a sort of "stars aligning" situation here. But the price action doesn't have to be the only thing we examine to analyze GOOGL.

This is the MACD indicator on the 4 Hour timeframe referencing back to September of 2024.



This MACD chart shows the comparison between the last regional low for the MACD compared to the recent regional lows. Between these lows there is an interval of 76 to 78 calendar days (just over 2 and a half months) if I am not mistaken, which should strike some traders as very odd considering their similarity in distance. Amazingly, that's not even the weirdest part...

This is the combination of both charts.



How about that? Not only are the lengths between regional MACD lows similar, but GOOGL's returns between these periods are only roughly 2/3% in difference to each other. This just shows that there is more that what meets the eye when it comes to charting. Always look where others don't because that's where some keys are found.

In conclusion, I will be taking a long position on GOOGL for the reasons stated above. When stars align like this, we are given no option but to act upon our rationality instead of our emotions...