Never financial advice. Just offering perspective.
The other side of this thesis, is we get moving to take out the highs at 123.75, then 143.47. In order for that to happen, we need to hold above 113.89, push to 115 and through 116. At that point we may start to see upward momentum or a slow grind leading into earnings. This idea is cleaner on the charts than the bearish view and seems more probable. There a few signs from bulls that can start to solidify this thesis. There seemed to be a high interest in deep discount where buyers stepped in, showing signs of strength that will follow through at the round numbers 115 & 116 to remain valid. Upcoming earnings can be the gas needed to create new all-time highs.
Earnings is in 28 days.
The other side of this thesis, is we get moving to take out the highs at 123.75, then 143.47. In order for that to happen, we need to hold above 113.89, push to 115 and through 116. At that point we may start to see upward momentum or a slow grind leading into earnings. This idea is cleaner on the charts than the bearish view and seems more probable. There a few signs from bulls that can start to solidify this thesis. There seemed to be a high interest in deep discount where buyers stepped in, showing signs of strength that will follow through at the round numbers 115 & 116 to remain valid. Upcoming earnings can be the gas needed to create new all-time highs.
Earnings is in 28 days.
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.
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.