Earnings Related Charts of Interest
- Posted by Robert Sinn
- on January 17th, 2012
After looking over roughly two dozen charts of companies set to report earnings this week I have come up with four that I found to be of particular interest (these are not recommendations and you must tailor any trade that you enter based upon your own individual risk profile and time frame):
Click to enlarge
$AXP reports Thursday after the market close: I like this one from the long side, a pullback to 49-49.50 looks like it would offer an attractive entry point.
$GE reports Friday before the open: This one looks like it’s ready to pullback 3-5%, 19 continues to be a major resistance level.
$GOOG reports Thursday after the close: GOOG doesn’t look good at all; however, ~620 continues to be well supported by buyers.
$SLB reports Friday before the open: This chart really doesn’t look good at all, I would not be surprised to see SLB break the flag to the downside later in the week.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.blog comments powered by Disqus
Robert Sinn is a professional trader and market analyst who focuses on multiple asset classes including equities, futures, options and currencies. He integrates fundamental and technical analysis. More »