Get started

Google (Alphabet)

Bearish Counter Attack on GoogleGOOGL Over the last two days printed a 2 candle pattern known as the "Bearish Counter Attack". See the linked attachment for diagram. It occurs when there is an up day, followed by a gap up open that is sold off, finally closing at the same price (or very very close) as the previous up day. As seen in image, according to this research this is a rare pattern that has produced down moves the next day 57% of the time, while an up move occurs 43% of the time. This might not seem like much of an edge, but it definitely adds up. In addition to this pattern, it appears that a short term uptrend support line was lost, then the retrace to and rejection occurred, which usually allows for a further move down. In this case I am thinking an out of the money put option is the play I like best, something like Sept 06 P1070, for sale around 100 bucks per contract. On the other hand, the 125 moving average has been respected in the past as both a support and resistance, and in this case it is sitting right on the 125. Above 1200 negates trade. Happy hunting and GLTA!! www.feedroll.com
NASDAQ:GOOGLShort
by UnknownUnicorn1314136
"Joe's earning season preview" EP03 --V, BA, FB, GOOG, AMZN! It's the 3rd week and maybe start to feel a little bit improvement in my English speaking lol. We got the following important names that I mentioned in this episode: Mon: HAL, AMTD Tue: BIIB, CMG, KO, V Wed: T, BA, CAT, FB, PYPL Thur: GOOG, AMZN (no time for MMM, INTC and SBUX ) Fri: MCD So many want to talk about but I only got 20 minute in this video, hope everyone a great trading week yo! Let's see how they go!
NYSE:MCD
by Trader_Joe_Lee
6