goledger

GOOG might bounce prior to earnings release

Long
NASDAQ:GOOG   Alphabet Inc (Google) Class C
Has a fair chance of returning to low $1800 near-term. Unfortunately dealing with noise re Twitter , FB , et al.

Comments

I like the linear regression indicator channels. Don't see a lot of people using them, but I think they are excellent for resistance and support. Looks like it might be at both a horizontal and linear support area so agree that the chance of a move up is in your favour. Thanks for sharing. Hope you are enjoying your TradingView experience :)
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goledger AngusMcK
@AngusMcK, I've been using it mostly for high momentum issues such as $NIO and BTCUSD. A means to assess the degree they might be overbought and oversold at any point.

Linear regression is not a perfect "forecasting tool" by any means, but it is simple math, easy to understand, and helps quiet all the external noise.
+1 Reply
Note sell-off prior to earnings October 29, with post ER bounce.
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