Meta and Microsoft Have Strong Earnings Reactions After Hours
Strong earnings reactions after hours.
Meta Platforms · META
Meta reported strong earnings.
The price is at the start of the buy zone in after-hours trading.
Here is the PIMM Trading System review:
P: Good. The dot will move below the price based on after-hours pricing.
I: So-so. The price is above the cloud in the weekly chart, but it still below it in the daily chart.
M: Good. The value is positive and the lines are sloping up.
M: Promising. The after-hours price will get it at the 200-day moving average and slightly below the 50-day moving average.
Microsoft · MSFT
Microsoft reports good earnings.
The price is coming up the right side of a funky double-bottom pattern.
Here is the PIMM Trading System review:
P: Good. The dot is below the price in both the daily and weekly charts.
I: Good. The after hours price gets above the cloud.
M: Good. The value is positive and sloping upward.
M: Good. The after hours price is above both the 50-day and 200-day moving averages.
Consider waiting 15 to 30 minutes after the open tomorrow to see whether the after hours price sticks.
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Disclaimer: The author is not a financial advisor. The information provided herein is not financial advice and should not be construed as such. This content is intended solely for educational purposes. The author will not be held liable if you decide to used this material as a basis for any financial decision-making. Investing involves risk, including the potential loss of your invested capital. Only invest what you are willing and able to lose.