This update will be a quick check on Alphabet (GOOGL) since it reported earnings yesterday. Consider this to be an Alphabet (GOOGL) post-earnings analysis.
Based on the initial move for GOOGL's share price, what can be expected over the next couple of weeks? Is the long-term trend that I wrote about still intact? Let's get some answers to those questions!
Alphabet (GOOGL) Post-Earnings
This first chart in this Alphabet (GOOGL) post-earnings analysis is a 3 year weekly candlestick chart. This is the main chart I used to analyze GOOGL's uptrend in my previous update titled "Long-Term Trend Review for FB, GOOGL & TWTR".
I have 2 different Fibonacci Extension Tools on its chart that were being used to calculate some upside price targets. The gray shaded box was a previous pullback area to make a scale-in purchase. There is a possibility that GOOGL's share price gives investors one more opportunity to purchase shares in that preferred zone before going on to make new highs.
There are a few discussion items on the above chart, including some overhead price targets. Let's review them now…...
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I review support areas to consider using as areas to purchase shares and go long on shares of Alphabet (GOOGL). Upside price targets are reviewed as well.
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