How the (GOOGL) price action is used to our Advantage
February 17, 2024, 10:10 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GOOGL
- Buy GOOGL slightly over 138.01 target 147.88 stop loss @ 137.61 Details
The technical summary data tells us to buy GOOGL near 138.01 with an upside target of 147.88. This data also tells us to set a stop loss @ 137.61 to protect against excessive loss in case the stock begins to move against the trade. 138.01 is the first level of support below 140.52 , and by rule, any test of support is a buy signal. In this case, support 138.01 would be being tested, so a buy signal would exist.
- Short GOOGL slightly under 147.88, target 138.01, stop loss @ 148.31 Details
The technical summary data is suggesting a short of GOOGL as it gets near 147.88 with a downside target of 138.01. We should have a stop loss in place at 148.31though. 147.88 is the first level of resistance above 140.52, and by rule, any test of resistance is a short signal. In this case, if resistance 147.88 is being tested, so a short signal would exist.
Swing Trading Plans for GOOGL
- Buy GOOGL slightly over 143.89, target 147.88, Stop Loss @ 143.47 Details
If 143.89 begins to break higher, the technical summary data tells us to buy GOOGL just slightly over 143.89, with an upside target of 147.88. The data also tells us to set a stop loss @ 143.47 in case the stock turns against the trade. 143.89 is the first level of resistance above 140.52, and by rule, any break above resistance is a buy signal. In this case, 143.89, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short GOOGL slightly near 143.89, target 138.01, Stop Loss @ 144.31. Details
The technical summary data is suggesting a short of GOOGL if it tests 143.89 with a downside target of 138.01. We should have a stop loss in place at 144.31 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 143.89, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for GOOGL
- Buy GOOGL slightly over 140.72, target 143.09, Stop Loss @ 140.39 Details
If 140.72 begins to break higher, the technical summary data tells us to buy GOOGL just slightly over 140.72, with an upside target of 143.09. The data also tells us to set a stop loss @ 140.39 in case the stock turns against the trade. 140.72 is the first level of resistance above 140.52, and by rule, any break above resistance is a buy signal. In this case, 140.72, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short GOOGL slightly near 140.72, target 138.01, Stop Loss @ 141.05. Details
The technical summary data is suggesting a short of GOOGL if it tests 140.72 with a downside target of 138.01. We should have a stop loss in place at 141.05 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 140.72, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Alphabet Inc. (GOOGL) available here: GOOGL.
GOOGL Ratings for February 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
138.01 |
| P2 |
140.72 |
143.89 |
147.88 |
| P3 |
143.09 |
148.92 |
157.64 |
AI Generated Signals for GOOGL
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Alphabet Inc. (NASDAQ: GOOGL) data table below can help you with price action, and we have more details too. Trading plans for GOOGL are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for GOOGL:
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