Alphabet Inc (Google) Class A
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$GOOGL still one leg higher? $200+?

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Judging off of sentiment, I think most people believe that Google will miss earnings.

Based off the chart, I think there's still one leg higher that likely starts on a reaction to earnings.

I think what's likely is we get a retest of support tomorrow and a low into earnings, and then we see a positive reaction after earnings that starts the next leg higher up to $200+.

Top targets are $214-234.

Let's see what happens.

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Moment of truth. Let's see what direction we head during earnings.

I bought some 5/24 calls for $200 strike.
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These should do very well tomorrow.
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Took profits on this today. Price way outside of bollinger bands, I'd expect a snap back before a sustained trend higher.
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Bought some 5/10 $150P in anticipation of hitting that lower support
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Rolled options for next week instead 5/17 and added some $160P
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Likely we see lower support before higher (if we can get up there)

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