$GOOG TOP 20
Added 2024-07-23 18:53:11 +0000 UTC$GOOG reports after the close today, along with $TSLA and $V, these three will play a big part on how this earning season will unfold.
$GOOG managed to test its 50 Day MA to end last week but has now managed to bounce on this level as we lead into their earnings release.
In their last report, they announced a double catalyst, a large share buyback and a dividend, the share price jumped from $152 to $176 on the strength of this news, I would be surprised if they approve another buyback of this magnitude or any at all.
If there are any concerns in this report, I doubt the 50 Day MA will hold and we could see a drop down to the 0.618 Fib at $172....and the worse case scenario would be a drop to the blue line at $155, where the 200 Day MA is moving to now.
Bullish scenario: Price jumps to the 1 Fib at $198 and the aggressive move would be to the 1.27 Fib at $216, which is a 20% jump from here......which would be extraordinary
I think the report will be in line but after using their trump card in their last report, I struggle to see how this will be improved on.
