Biggest Earnings This Week
From last week's Twitter call, “Twitter showing some promising pattern here, with a possible inverted head and shoulders formation on the daily chart, while the neckline is now trading around 70.50 which might get tested in today’s session. A weekly close above the neckline would be a clear signal to start building a position gradually with every dip, with an initial target of 73”.
Twitter managed to close the week well above its neckline, nearing our $73 target mentioned last week. However, such a break might need some sort of confirmation through a retest of that broken neckline, a stabilization above that line would mean a new opportunity to a long for those who missed the initial rally last week.
Moving into this week, we will be watching seven key stocks which will be the biggest week f this earnings season. We will be waiting for the earnings of Tesla, Microsoft, Alphabet, Apple, Facebook, Amazon, and AMD.
We will dive into the details during this week and explain the impact and whether there will be a new signal to long or short these stocks, but for now, they look promising and if they beat the estimates like the other major shares last week, this would be another record for the US equities.
