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, it is an interesting bearish setup however earnings can boost this stock above 800$ so be careful if you choose to trade it.
Tomer Jakov, The MarkeZone (themarketzone on Twitter)
Read more about this setup and more on my Weekly Newsletters - goo.gl/Jfnwob
To subscribe to the newsletters - goo.gl/HXjCPV
Follow my blog - goo.gl/78KZsl
Subscribe to my Youtube channel - goo.gl/q8dbyT
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, it is an interesting bearish setup however earnings can boost this stock above 800$ so be careful if you choose to trade it.
Tomer Jakov, The MarkeZone (themarketzone on Twitter)
Read more about this setup and more on my Weekly Newsletters - goo.gl/Jfnwob
To subscribe to the newsletters - goo.gl/HXjCPV
Follow my blog - goo.gl/78KZsl
Subscribe to my Youtube channel - goo.gl/q8dbyT
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.