JenRz

Update to GOOGL earnings idea

Long
JenRz Updated   
BATS:GOOGL   Alphabet Inc (Google) Class A
My earnings practice idea is working out, but I never had an upside target.
GOOGL hasn't quite gotten to the lower targets, so there's still a chance that occurs, however, my dowsing work suggests it should go all the way back to where it traded before earnings, and I actually even have a new high for it and over a 10% move up.
This should occur by next Friday, however, I'm not super confident in my timing in the context of anticipating where price will be at or by a certain time.
So far it's decent though with the time of day for a low working well.
Comment:
I still get that GOOGL is making a bottom and is a buy. Obviously, I could be wrong, but the message is to buy it.
Comment:
I'm getting a little annoyed with this, so I check on how it'll look and I get the "patience with position" option. I've had this before and it did work out, so I guess be patient. My only caveat is that this market is running out of time. We are topping out on a MONTHLY time frame in indexes and I'm really wanting to be light come tomorrow or Friday for a potential high. I'll get an idea(s) out for QQQ and SPY.
Comment:
Google looking pretty sad. It was just ok for a bounce, but you could tell versus the market it wasn't performing.
I was bummed about the indexes timing, but maybe I was a month off? We'll see.

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.