Google C-Class shares i am bullish over the 6-12m, hence I am buying any 5-10% pull backs from highs.
Goog has been moving sideways but i think it has just started a cycle higher, in which it is about to make a higher low at 715 before moving up again to 750+
715-750 is a 5% move hence i am interesting in buying at this price with reward skewed something 1.5:1...
Recently the trading range has narrowed between (700,750) with some resistance from 750 (or P pivot). Since then EMA50 has been nearly flat slope; hence sideways. Also, the difference of EMA50 and EMA200 has been decreasing with EMA50's slope marginally bearish.
If bearish momentum continues, a support retest of 700 is in range. Should 700 fail and OBV fails...
I know what I want it to do. As do you I guess.
We must prepare, and take action with the right information rather than reacting to misinformation
Wait for confirmation.
Alphabet will have its earnings this week.
$GOOG chart has formed a bearish setup that can be used if you think $GOOG is heading down after earnings.
1. triple top
2. Daily resistance zone
3. Broken uptrend line about to be tested (resistance now)
4. 78.6, 88.6 Fibs are considered reversal levels.
Considering the low volume rally and the strong resistance,...
Next week brings in a bevvy of earnings plays, but not all are worth of a premium selling, implied volatility contraction play.
These are the best among the offerings currently to play either via short strangle or iron condor, although others could naturally come to the forefront if implied volatility increases dramatically immediately before earnings.
NFLX:...
In the points A, B and C we see highest daily volumes. As we can see price has been dancing around $741 price level and didn't go in either direction. It seems like big players are accumulating their short position. I suggest to put SELL STOP order at $738.5, with SL = $745 and close position piece by piece at $727 (+1.89%), at $720 (+2.83%), at $711 (+4.05%), at...
Before GOOG can be shorted, wait for a pretty big price spike, since this is what happened the last 2 times this RSI resistance line was met. Also look for a pretty steep angle and acceleration on the RSI, since this is also happened during the last 2 ideal shorts in late 2015 and Feb 2016. Luckily I was able to short the Feb 2016 drop by using this signal. I hope...
Expected to continue until we see a lower wick:
FANG stocks (FB, AAPL, AMZN, NFLX, GOOG) typically outperform the NASDAQ index.
Not this week.
Buying opportunity?
Inventergy Global Inc. has formed a bowl bottom and is retesting a key level of resistance at 1.89-1.90. We have a bull flag on the right and the price is above the yellow 13 day exponential moving average (EMA) which is a very bullish sign. INVT released a press release that will serve as a catalyst for the long side. They get to clear their balance sheets and...
And earnings season slogs on ... . Next week there are bunch of biggies, but not all of them are worthwhile options setup plays, primarily due to liquidity. GOOG's option liquidity has never been the greatest, and CMG and LNKD have always been horrid, so right off the bat I would pass on those for options plays.
GILD -- announces earnings on 2/2 (Tues) after...
Completely parabolic action today in the spy.
1) ran right into resistance on daily chart
2) fading volume of trend
3) RSI didn't register overbought when market made its last structure high
4) blow off top candle on 30 mn chart
5) lots of selling on level two
The rectangle below is the profit target (2 gaps down there that need to be filled)
