benjihyam

$GOOGL still one leg higher? $200+?

Long
benjihyam Updated   
BATS:GOOGL   Alphabet Inc (Google) Class A
Judging off of sentiment, I think most people believe that Google will miss earnings.

Based off the chart, I think there's still one leg higher that likely starts on a reaction to earnings.

I think what's likely is we get a retest of support tomorrow and a low into earnings, and then we see a positive reaction after earnings that starts the next leg higher up to $200+.

Top targets are $214-234.

Let's see what happens.

Comment:
Moment of truth. Let's see what direction we head during earnings.

I bought some 5/24 calls for $200 strike.
Comment:
These should do very well tomorrow.
Comment:
Took profits on this today. Price way outside of bollinger bands, I'd expect a snap back before a sustained trend higher.
Comment:
Bought some 5/10 $150P in anticipation of hitting that lower support

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