Weekly Chart - A clear break of Fib 61.8 retrace (126) and a strong follow-through - Fib 78.6 is 138 and full retrace is 152 - Early days of course and good pullbacks can still happen back to 118 or 110 or 105 - Buy channel respected so far - Will be interesting to watch how it tests 138 upcoming if further bullish near term Daily Chart - Buy channel remains in control - A clear test to 138 is possible which is top of trend channel too - A big gap between 123 and 130 though (will get filled some days ahead) My Plays - Sold puts of 125 and 118 was safe in the recent expiry - Will continue to sell puts strike 125 and 115 upcoming to capture some shares - Trying to get hold of some GOOG shares in additions to options. Good luck, all GOOG - DAILY CHART - 29 JULY 2023 GOOG - WEEKLY CHA
Trade plan for MSFT & GOOG after earnings?
Microsoft dipped after the bell as the company called for lower revenue guidance than analysts had predicted. Google, however, beat estimates on the top and bottom lines, sending the stock up as much as 6% in after-hours trading. --------------------- Do their earnings deliver a surprise? How will you trade after their earnings? What's your target price for Microsoft and Google?
+ Follow
+25