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GOOGL Earnings Ahead. Let's Take A Look At The Chart.

|Includes: Alphabet, Inc. Cl A (GOOGL)

GOOGL has earnings on Thursday. With that in mind, we are at a key juncture on the chart, structurally speaking. Pictured below is the GOOGL weekly chart. As you can see, no week has closed above the 780 level, but many have tried. In total, 9 weeks have touched the 780 level, or broken through it, only to break back below. For whatever reason (and the reason does not matter), this 780 level is clearly important.

Our belief is that if we can get a weekly close above 780, whether it is before or after earnings, then GOOGL will be set for new highs.