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Showing posts with label Google Inc.. Show all posts
Showing posts with label Google Inc.. Show all posts

Thursday, 17 October 2013

Google reports strong earnings & breaks record

Google reported strong earnings including a 23% rise in revenue that beat expectations after the market closed
Actual: $10.74 EPS (Earnings Per Share)   Expectations: $10.34   Previous: $9.03
Stock soared from 888.79 to 959.76, breaking previous record in after-market trading & is overbought

US shutdown ended, debt limit raised, QE tapering possibly delayed & S&P 500 reaching a new record might also be strong reasons for overbuying, therefore it wouldn't be very safe to buy or sell Google tomorrow, unless supports or resistances are strong enough

Trading Google will be at a higher risk as Google reached an all-time high & is in uncharted territory
Possible resistance @ 960, possible support might be @ 950 but we would need to watch the market's movement 1st before confirming anything

Thursday, 12 September 2013

Buy Google- 1 win

Buy Google around 891.5 if it rebounds & stays above
For 30 minutes-1hour expiration
Result: Invalid
Google dropped below 891.5 so it was invalid

After we found Google's 2nd & stronger support @ 890, we issued another signal:
Buy Google even after it dropped below yesterday's support @ 891.5
For 30 minutes-1hour expiration
Result: Won
Google rebounded at 12:26pm EDT, expired @ 892.355 at 1pm EDT, 894.91 at 1:30pm EDT