Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

Lana, today was the example. That buy off 50.25 (treating it like an earning play simply means giving it a wide berth and not running to short it at support but rather the reverse). SNDK has passed all our intraday fibonacci retracements (others have as well) so its SOLIDLY IN BUY TERRITORY. How long it holds? we don't know but we know are ready to look into the daily and 60 minute charts for the next overhead resistance since today's was completely taken out to upside. SEE HOW 52 is the next KEY area of resistance on daily chart, while 50 was taken out nicely today. (imagine if you shorted below 50? that would make no sense) Now I'd look at 55 on daily and 53 on the 60 minute SNDK chart.