Google just pushed out of it's bearish flag channel. Then, on Friday it successfully retested it.
Trading at a forward of P/E of 19.6x which is the lowest of all the Mag7.
Ideally I'd like to see GOOGL break the ATH support and trade the breakout.
But that this point already, I will likely begin to open a long position.
Ideally this doesn't happen so close to earnings (As it can blow up the entire pattern), but I think it's still worth a shot.
Trading at a forward of P/E of 19.6x which is the lowest of all the Mag7.
Ideally I'd like to see GOOGL break the ATH support and trade the breakout.
But that this point already, I will likely begin to open a long position.
Ideally this doesn't happen so close to earnings (As it can blow up the entire pattern), but I think it's still worth a shot.
Trade attivo
Starting with a small order pre-market. With earnings incoming, I don't need a big position for a potentially big reward.Target 1 = 270
Target 2 = 290
Nota
Entry = 254Nota
ATH reached. I'd like to see us close at an AT close. Would be a strong indicator of a bit of a run up to earnings.Nota
Big pullback today on the failed breakthrough of the ATH resistance. Would like to see it hold the trendline by eod today. Then, it'll be decisions: hold through earnings hoping for a breakout or cut loses.Nota
Took longer than expected thanks to OpenAi, but it looks like the breakout is starting today. +5% on entry now.Nota
Boom. Breakout. We also have a new level of support at 257 which we should be able to hold.
At this point you have options. You can take profits if your position was big enough, you can partially hold, or you can keep it rolling.
For me the big question is whether to hold or sell before earnings. I believe earnings will be good, but I'm also the type of trader that doesn't like "unknowns".
I'll likely hold this position right up to earnings day and then close it before earnings.
Nota
TARGET 1 REACHED Last night after hours, we hit 270 and I closed 50% of my position.
I'm going to let the other half ride through earnings. #yolo
Trade chiuso: obiettivo raggiunto
Boom.That went perfectly to plan.
Entry was 254.
Closed 50% of the position at 270.
Closed the other 50% last night after earnings at 290.
Love it when a trade goes to plan.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.