Alphabet could take out its all-time highs after earnings, says top technical analyst

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The tech sector has nearly doubled the markets gains this year, and those wins may get even bigger after Alphabet reports earnings Monday afternoon.

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"This is one of the few big, big, super-cap names left, and I would say this is going to be one of the good ones, rather than one of the poor ones," Cornerstone Macro's Carter Worth said Friday on CNBC's ""If you wanted to, right, you can call this kind of thing a 'cup and handle,'" said Worth, "People like that setup, meaning that you approach a high, you can't do it, you back away, but you back away and make a shallower low, and then...

 

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why after earnings? is that part of technical analysis?

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