Earnings Trade Setups & Trading Tips (video)
The video covers the outlook for numerous stocks with clearly bullish or bearish chart patterns that are scheduled to report earnings today. Also discussed are several factors & strategies that traders might consider when trading a stock around its quarterly earnings report.
One example of the point that was made in the video that it has been my experience that more often than not, an earnings-induced gap and/or the next direction in the stock in the coming days/weeks+ can be predicted with a fair degree of accuracy if the technicals on the stock leading up to the earnings report are clearly
bullish or bearish. Emphasis on the word ‘clearly’ as holding a position into earnings on anything but a clearly bearish or bullish chart pattern that appears ready to break-out at that time
is nothing short of a crap shoot, particularly on stocks with a history of large earnings induced gaps.
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