GooGL to stay above 1270
Trade Journal
Who can replace Google in their business.
Wait for price action to stay above 1270
Who can replace Google in their business.
Wait for price action to stay above 1270
Note
28th April: Price dropped to 1232 due to report earning after market. Googl is slated to report an improved earning but may give earning warning about Covid 19 affected economy and companies will reduce marketing budgetNote
29th April (pre market): Rised to 1331. Analysts surveyed by Refinitiv had expected $10.33 in adjusted earnings per share on $40.29 billion in revenue. Analysts polled by FactSet had expected $7.51 billion in traffic acquisition costs in the quarter. However, comparing Alphabet’s actual results with estimates isn’t straightforward given the difficulty of predicting the impact of the coronavirus. (source CNBC)Note
29th April (pre market): Facebook shares also rose more than 3% after hours, as investors anticipated a similar ad spending pattern -- that is, not as dire as expected. Facebook, which generates substantially all of its revenue from advertising, reports earnings on Wednesday. (CNBC)Key takeaway: Investors are analysing the impact of COvid 19 on online business, tech stock. As investors anticipated a similar ad spending pattern -- that is, not as dire as expected. Tech shares will have a high probability of continuing the rally after this Googl result.
Note
Googl seems to have continued the uptrend to 1480.Trade active
Going for 15 hundred
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