When the Price of (GOOG) Talks, People Listen

February 03, 2024, 13:46 pm ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GOOG

• Buy GOOG slightly over 138.75 target 148.18 stop loss @ 138.35 Details

The technical summary data tells us to buy GOOG near 138.75 with an upside target of 148.18. This data also tells us to set a stop loss @ 138.35 to protect against excessive loss in case the stock begins to move against the trade. 138.75 is the first level of support below 143.54 , and by rule, any test of support is a buy signal. In this case, support 138.75 would be being tested, so a buy signal would exist.

• Short GOOG slightly under 148.18, target 138.75, stop loss @ 148.61 Details

The technical summary data is suggesting a short of GOOG as it gets near 148.18 with a downside target of 138.75. We should have a stop loss in place at 148.61though. 148.18 is the first level of resistance above 143.54, and by rule, any test of resistance is a short signal. In this case, if resistance 148.18 is being tested, so a short signal would exist.

Swing Trading Plans for GOOG

• Buy GOOG slightly over 145.59, target 148.18, Stop Loss @ 145.17 Details

If 145.59 begins to break higher, the technical summary data tells us to buy GOOG just slightly over 145.59, with an upside target of 148.18. The data also tells us to set a stop loss @ 145.17 in case the stock turns against the trade. 145.59 is the first level of resistance above 143.54, and by rule, any break above resistance is a buy signal. In this case, 145.59, 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 145.59, target 138.75, Stop Loss @ 146.01. Details

The technical summary data is suggesting a short of GOOG if it tests 145.59 with a downside target of 138.75. We should have a stop loss in place at 146.01 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, 145.59, 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 144.86, target 145.59, Stop Loss @ 144.52 Details

If 144.86 begins to break higher, the technical summary data tells us to buy GOOG just slightly over 144.86, with an upside target of 145.59. The data also tells us to set a stop loss @ 144.52 in case the stock turns against the trade. 144.86 is the first level of resistance above 143.54, and by rule, any break above resistance is a buy signal. In this case, 144.86, 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 144.86, target 138.96, Stop Loss @ 145.2. Details

The technical summary data is suggesting a short of GOOG if it tests 144.86 with a downside target of 138.96. We should have a stop loss in place at 145.2 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, 144.86, 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 February 03:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	138.75
P2	138.96	145.59	148.18
P3	144.86	154.77	157.6

AI Generated Signals for GOOG

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Alphabet Inc. (NASDAQ: GOOG) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for GOOG can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.