When it comes to earnings, the direction is like Schroedinger's cat for me.
It's like pure gambling and I would more like to gamble in Vegas or Macau rather than the stock market,so I never try to predict the direction before earnings.
Like my last article a few moment earlier today, I like to react with the price action of the market, not figure out the good/bad of the earning report.
While, in addition to wait for a inside day after earnings, find a important spot before earnings and see how it reacts to the earnings is another trading idea.
TEVA has a BAT Pattern with a long entry near 28; (and it usually reacts HUGE on its earning day)
So my trading idea remains the same: waiting for a reversal sign around the 28 and try to long .
And a 27.49 out is good enough .
Again, I'm not saying that I expect TEVA will reach 28 ; I'm saying that I'm looking for a long opportunity near 28 if there is a reversal sign there.
It's like pure gambling and I would more like to gamble in Vegas or Macau rather than the stock market,so I never try to predict the direction before earnings.
Like my last article a few moment earlier today, I like to react with the price action of the market, not figure out the good/bad of the earning report.
While, in addition to wait for a inside day after earnings, find a important spot before earnings and see how it reacts to the earnings is another trading idea.
TEVA has a BAT Pattern with a long entry near 28; (and it usually reacts HUGE on its earning day)
So my trading idea remains the same: waiting for a reversal sign around the 28 and try to long .
And a 27.49 out is good enough .
Again, I'm not saying that I expect TEVA will reach 28 ; I'm saying that I'm looking for a long opportunity near 28 if there is a reversal sign there.
Nota
Wow it broke 27.49 pre-market, the trade doesn't exist anymore lol.It did react HUUUUUUUUUUUUUUUUUUUUGE @@
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.