Alphabet Looking Bullish Ahead of EarningsIn Alphabet, we see an open volume-imbalance gap at the top of the target range. The market tends to close these gaps sooner or later. In our experience, they are more reliable than βnormalβ gaps.
In view of the technical chart situation and the stable fundamentals, we are bullish on Alphabet ahead of the earnings.
Please note: The stop loss shown is merely an idea. Experience shows that market movements at earnings are very volatile. It may therefore make sense to wait until after the figures are published before taking a position.