$GOOGL The only negative is history, going into Google earnings
From our perspective the GOOGL chart has become more and more positive over the past month and is set up perfectly going into earnings. Our only apprehension is the possibility that Google has a recent history of selling off post earnings seemingly regardless of results. Speculation is rife that Googl will finally start discussing revenue numbers from YOUTUBE premium, if so this could explode higher. We are long and will continue to be so unless earnings are a great disappointment. Regulatory pressure is our only concern for GOOGLE in the future, which is already evident in Europe.
Note
Unfortunately history has once again repeated itself. $1190 - $1180 is the key support level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.