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
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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
Labels:
earning reports,
Google Inc.,
Google Stock,
NASDAQ:GOOG
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
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
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