How the (GOOG) price action is used to our Advantage

January 08, 2025, 09:40 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GOOG

• Buy GOOG near 184.75 target 201.05 stop loss @ 184.22 Details

The technical summary data tells us to buy GOOG near 184.75 with an upside target of 201.05. This data also tells us to set a stop loss @ 184.22 to protect against excessive loss in case the stock begins to move against the trade. 184.75 is the first level of support below 194.91 , and by rule, any test of support is a buy signal. In this case, support 184.75 is being tested, a buy signal would exist.

• Short GOOG slightly under 201.05, target 184.75, stop loss @ 201.63 Details

The technical summary data is suggesting a short of GOOG as it gets near 201.05 with a downside target of 184.75. We should have a stop loss in place at 201.63though. 201.05 is the first level of resistance above 194.91, and by rule, any test of resistance is a short signal. In this case, if resistance 201.05 is being tested, a short signal would exist.

Swing Trading Plans for GOOG

• Buy GOOG slightly over 198.65, target 201.05, Stop Loss @ 198.08 Details

If 198.65 begins to break higher, the technical summary data tells us to buy GOOG just slightly over 198.65, with an upside target of 201.05. The data also tells us to set a stop loss @ 198.08 in case the stock turns against the trade. 198.65 is the first level of resistance above 194.91, and by rule, any break above resistance is a buy signal. In this case, 198.65, 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 GOOG slightly near 198.65, target 192.35, Stop Loss @ 199.22. Details

The technical summary data is suggesting a short of GOOG if it tests 198.65 with a downside target of 192.35. We should have a stop loss in place at 199.22 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, 198.65, 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 GOOG

• Buy GOOG slightly over 196.93, target 198.65, Stop Loss @ 196.47 Details

If 196.93 begins to break higher, the technical summary data tells us to buy GOOG just slightly over 196.93, with an upside target of 198.65. The data also tells us to set a stop loss @ 196.47 in case the stock turns against the trade. 196.93 is the first level of resistance above 194.91, and by rule, any break above resistance is a buy signal. In this case, 196.93, 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 GOOG slightly near 196.93, target 192.35, Stop Loss @ 197.39. Details

The technical summary data is suggesting a short of GOOG if it tests 196.93 with a downside target of 192.35. We should have a stop loss in place at 197.39 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, 196.93, 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. (GOOG) available here: GOOG.

GOOG Ratings for January 08:

AI Generated Signals for GOOG

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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: GOOG) data table below can help you with price action, and we have more details too. Trading plans for GOOG 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.