Pre earnings analysis on GOOGL
GOOGL (looks a lot like NFLX pre earnings) with a small bearish candle today (so far). IF GOOGL gaps up into the ATH area, short traders will be trapped and I can't envision how GOOGL would not go higher if it gaps up on earnings.
My 2017 Target on GOOGL isn't very far away however. If it gaps TOO far (to my target or higher) it will take some time to run bullish.
A gap down into the red box, I'll be bearish short term. A gap down into the green box, great buying zone.
Dean says "so you know googl is putting that 2.7 billion dollar fine into these earnings"\
Strong bull trend. Don't fight it. ;-) #LIFECOMPANy #LIFESTOCK
My 2017 Target on GOOGL isn't very far away however. If it gaps TOO far (to my target or higher) it will take some time to run bullish.
A gap down into the red box, I'll be bearish short term. A gap down into the green box, great buying zone.
Dean says "so you know googl is putting that 2.7 billion dollar fine into these earnings"\
Strong bull trend. Don't fight it. ;-) #LIFECOMPANy #LIFESTOCK
Trade closed: target reached
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