8/6 earnings -
Thesis:
Price action reveals too few bear signals = good gamble on bullish pivot post-earnings
Last session:
-profit takers sold earnings announcement 8.6.
-buyers stepped in near yearly top, confident of earnings risks
Last few months:
-6wks compact range consolidation near ATH
-volume decline, seller absorption
-secondary offering absorbed, price climbed and held
-complete 4-month cup and handle formation
Thesis:
Price action reveals too few bear signals = good gamble on bullish pivot post-earnings
Last session:
-profit takers sold earnings announcement 8.6.
-buyers stepped in near yearly top, confident of earnings risks
Last few months:
-6wks compact range consolidation near ATH
-volume decline, seller absorption
-secondary offering absorbed, price climbed and held
-complete 4-month cup and handle formation
Trade active
GH murders earnings....Holding Sept. calls for some additional run-up
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.