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GOOGL April 26, 2024: Lessons Learned After Earnings

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As you can see in my related ideas section, I opened a position in GOOGL on April 1, 2024 and decided to sell my entire position around April 15-18. Therefore I missed the upside on breaking out after earnings.

Here are the main reasons why I decided to sell.

  • The overall market was very weak during that time. The main indices NDX, SPX just started to break down their own MA-50
  • There are many earnings coming out this week.
  • My position was opened on April 1 therefore I did not have any significant profit in it to hold through earnings


So now what is the plan?

Breaking into new high out of a large base is an opportunity to buy for trend-following traders. Therefore I will open a new position here with GOOGL, or even better if it will pull back to little to the previous resistance (the yellow line on the chart)
액티브 트레이드
A completely normal pullback on weekly chart. I am still holding what I have bought from the start of the week.

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