Google Still Bullish but nothing to see yet till Earnings Report
Google is clinging to this stagnant channel (yellow color), but the question is:
Could this be an accumulation before their earnings report?
We are one week away from Google's earnings report, and I have a feeling that the price will simply continue to trade within the same range until a few days before the report. Let's say on Friday or Monday, we may see a strong and sudden move. This is due to the "insiders," those privileged individuals within the company who hold positions and know what the price movement will be on the day of the report based on information they can access before the expected date.
We just need to keep in mind that we are still in a congested sideways channel, and this channel may expand as the days leading up to the report approach.
There's really not much to see with Google at the moment.
Best regards, and thank you for supporting my analysis.
Could this be an accumulation before their earnings report?
We are one week away from Google's earnings report, and I have a feeling that the price will simply continue to trade within the same range until a few days before the report. Let's say on Friday or Monday, we may see a strong and sudden move. This is due to the "insiders," those privileged individuals within the company who hold positions and know what the price movement will be on the day of the report based on information they can access before the expected date.
We just need to keep in mind that we are still in a congested sideways channel, and this channel may expand as the days leading up to the report approach.
There's really not much to see with Google at the moment.
Best regards, and thank you for supporting my analysis.
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