Google It:
This week may be a little lighter on the earnings front than last week, but some significant names are REPORTING numbers. AMD is lower 8 of the last 11 months and it would not be surprising to see it move toward the very round par number in the near term. It is not encouraging that it is now well underneath the former cup with handle breakout pivot of 132.93 from December 2023. SPOT is a European communication service play that has behaved brilliantly in the face of a soft tech space and is now above a cup base trigger of 506.57. A move back toward that level if a negative earnings reaction occurs should be bought. Perhaps it bodes well as NFLX scored a solid beat and was stopped cold right at the very round 1000 number, registering a bearish filled-in candlestick on 1/22, but has since carved out a bull flag formation. A break above 1005 could see a measured move to 115o. Below is the daily chart of GOOGL which is just above the very round 200 number, with 3 consecutive CLOSES above the figure and has broken through the bull flag there. The WEEKLY chart broke above a cup base trigger of 191.38 and bears had ample time to disrupt it but that never happened. Look for a measured move toward 234 sometime in the first half of 2024.