GOOGL eyes on $170: Key Resistance going into Earnings report
Updated
Google earnings report due today after close.
Currently testing a key Resistance zone here.
Earnings will say if this level is top or support.
$ 168.17 - 170.00 is the key zone of interest.
$ 177.72 - 179.46 is the next Resistance above.
$ 159.41 - 159.99 is the first good support below.
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Currently testing a key Resistance zone here.
Earnings will say if this level is top or support.
$ 168.17 - 170.00 is the key zone of interest.
$ 177.72 - 179.46 is the next Resistance above.
$ 159.41 - 159.99 is the first good support below.
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Trade active
POP
Earnings pop to our high resistance.
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Zoom IN (m3)
PING (exact hit) on the dashed fib at $181.85
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Adding a fib to the earnings bump:
We have a support zone of keen interest.
$ 174.75 - 175.40 is a must hold (if hit).
And a good shield to put Stop Luss under.
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Trade closed: target reached
Pop and DROP
(yellow shaded area is from posting time)
PERFECT fib=to-fib moves.
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Zoom in a bit to match last update above:
Key support around $175 was lost.
Now watching our major Cluster.
Genesis fib at $168.17 needs to hold.
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Note
So flipping some zones:
Genesis fib at $168.17 reinforced by several others.
This zone is now crucial support for the bigger uptrend.
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Trade active
Still Dropping but Genesis fib trying:
Held 2 hits but NOT looking good at all.
Earnings spike may have been a bull trap.
US election tomorrow, so that is not helping.
Probably dip some more before/during event.
But retrace of entire earnings bump a BAD Sign.
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