Via TradingView Ideas
GOOGL April 26, 2024: Lessons Learned After Earnings
Alphabet Inc. BATS:GOOGL
longsonvn
As you can see in my related ideas section, I opened a position in
GOOGL
on April 1, 2024 and decided to sell my entire position around April 15-18. Therefore I missed the upside on breaking out after earnings.
Here are the main reasons why I decided to sell.
The overall market was very weak during that time. The main indices
NDX
,
SPX
just started to break down their own MA-50
There are many earnings coming out this week.
My position was opened on April 1 therefore I did not have any significant profit in it to hold through earnings
So now what is the plan?
Breaking into new high out of a large base is an opportunity to buy for trend-following traders. Therefore I will open a new position here with
GOOGL
, or even better if it will pull back to little to the previous resistance (the yellow line on the chart)
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