No real trade idea here but an analysis on what I see. Very interesting reaction after earnings and two scenarios I can see playing out here. 1) a hard bounce from the .707 fibonacci retracement level sends it flying with big tech reporting this week or 2) a pop, setting up a bear flag and a break below $500 if big teach misses on earnings. I don't have a clue which one plays out, and neither does anyone else. We need more information. But I do not believe it chops around in this range for any extended period of time.
Trade chiuso: obiettivo raggiunto