Profit taking after earnings report for Google?

Regarding alphabet (google) $Alphabet-C (GOOG.US)$ , the stock price has been always trading inside a parallel channel for approximately half a year. The earnings reports for the company itself it’s coming out on today as well.

With the share price around the upper resistance of the parallel channel, we think that traders are going to take the opportunity during the release of earnings report for profit taking. As what we often see on the stock market is, buy on rumours sell on news.

If alphabet going to retrace back to around 90-95, we think it might be a very good opportunity over there!