 Welcome traders to another Tick-Mail Earnings Report Preview with me, Patrick Munnally. Before we jump into today's report, important that we adhere to the risk disclaimer the material provided is for information purposes only and should not be considered as investment advice. The views, information or opinions expressed in this recording are solely mine, they are not indicative or representative of those held by Tick-Mail UK or Tick-Mail Europe Limited and equally as important CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% and 65% of retail investors' accounts lose money when trading CFDs with Tick-Mail UK or Tick-Mail Europe Limited. Okay, let's jump into today's report and that's Google who report earnings this evening after the close of New York. We are looking for a $25.63 consensus earnings per share on revenue of $68.13 billion. There is actually a whisper number on the streets of the earnings per share potentially coming in as high as $26.44 billion. In terms of what to look for in the report, investors will focus on the Google Cloud revenue. Google Cloud is one of Alphabet's primary business segments. The Cloud segment provides developers with a highly scalable and reliable platform for building, testing and deploying applications. It also offers workspace collaboration tools including apps like Gmail, Docs, Drive, Calendar Meet and more. Revenue is generated through the collections of fees related to those services as at the end of the fourth quarter of 2021, Google Cloud having estimated 9% of the global Cloud market, ranking it third behind Microsoft's Corpse Azure and top ranked, obviously, Amazon's web services. Google's Cloud revenue has grown rapidly over the past four years, more than tripling from $5.8 billion for the financial year 2018 to a total of $19.2 billion for the financial year 2021. In the second quarter of last year, Google Cloud revenue rose 53.9% year-over-year. It's fast as pace since the third quarter of 2019. It then slowed to a pace of 44.9% year-of-year in the third quarter. Growth remained relatively steady at a pace of 44.6% year-over-year for the fourth quarter of 2021. Analysts expect Google Cloud revenue to decelerate again forecasting a pace of 41.9% year-over-year for the first quarter of 2022. Let's take a look at what sort of patterns emerge from a statistical perspective around the earnings release. Well, stock has moved higher in the immediate aftermath of earnings, eight hours of the last 12 previous reports. On average, the stock moves up 2.7% in the first day after trading in terms of after the release. Based on the previous 12 earnings releases, Google is more likely to trade lower one day after earnings for an average loss of 0.4%. The average post-earnings five-day performance though is an average of 1.7% and that's 75% of the time we see that average gain. If the report comes out stronger than anticipated, the average earnings gap higher is 5.4% and that has occurred six times in a row. In terms of what we can expect from the options market in implied volatility and where the options market is pricing the move, they're looking for about an 8.3% move on earnings and the stock has averaged a 5% move in recent quarters. In terms of the flow and sentiment, we did see a noticeable buying of 1,096 contracts at the $2,400 call expiring this Friday options order flow sentiment is bullish. Investor sentiment going into the company's earnings release has a 74% expectancy of beating earnings. Short interest has decreased by 4.3% since the company's last earnings release while the stock has actually drifted lower by just over 20% from its open following the earnings release to the 13.6% below its 200-day moving average of $2,769. Let's jump into the technical setup as we look for potential trading opportunities on the back of the earnings release. From a technical perspective, Google is carving out an equality objective to the downside here, an ABC corrective trading pattern, $2,338 would be the ideal level to test there to complete that pattern. Then we watch with bullish reversal patterns to engage on the long side from there and certainly we'd be thinking about a test of trend line resistance and the high volume load here up to $2,792. If we do gap higher on earnings, any gap back above the pivot here at $2,564 would also be a bullish confirmation again looking for that test of the 2,780 area that high volume load. At this stage, only a close below the equality objective would see us testing lower looking for a test of $2,160 as the next downside objective. But for now, focus is on bullish reversal patterns above the 2,338 level to target the high volume load. As always, trade the plan and the most important manage your risk. Until next time, thanks very much.