Alphabet Inc Class A GOOGL Trading Signals

August 17, 2022, 18:30 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Trading Alphabet Inc Class A (NASDAQ: GOOGL) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for GOOGL change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if GOOGL is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for GOOGL too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for GOOGL

• Buy GOOGL slightly over 113.32 target 125.35 stop loss @ 112.99 Details

The technical summary data tells us to buy GOOGL near 113.32 with an upside target of 125.35. This data also tells us to set a stop loss @ 112.99 to protect against excessive loss in case the stock begins to move against the trade. 113.32 is the first level of support below 119.37 , and by rule, any test of support is a buy signal. In this case, support 113.32 is being tested, a buy signal would exist.

• Short GOOGL under 125.35, target 113.32, stop loss @ 125.71 Details

The technical summary data is suggesting a short of GOOGL as it gets near 125.35 with a downside target of 113.32. We should have a stop loss in place at 125.71though. 125.35 is the first level of resistance above 119.37, and by rule, any test of resistance is a short signal. In this case, if resistance 125.35 is being tested, a short signal would exist.

Swing Trading Plans for GOOGL

• Buy GOOGL slightly over 120.39, target 123.11, Stop Loss @ 120.04 Details

If 120.39 begins to break higher, the technical summary data tells us to buy GOOGL just slightly over 120.39, with an upside target of 123.11. The data also tells us to set a stop loss @ 120.04 in case the stock turns against the trade. 120.39 is the first level of resistance above 119.37, and by rule, any break above resistance is a buy signal. In this case, 120.39, 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 near 120.39, target 113.32, Stop Loss @ 120.74. Details

The technical summary data is suggesting a short of GOOGL if it tests 120.39 with a downside target of 113.32. We should have a stop loss in place at 120.74 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, 120.39, 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 120.39, target 120.75, Stop Loss @ 120.11 Details

If 120.39 begins to break higher, the technical summary data tells us to buy GOOGL just slightly over 120.39, with an upside target of 120.75. The data also tells us to set a stop loss @ 120.11 in case the stock turns against the trade. 120.39 is the first level of resistance above 119.37, and by rule, any break above resistance is a buy signal. In this case, 120.39, 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 near 120.39, target 113.32, Stop Loss @ 120.67. Details

The technical summary data is suggesting a short of GOOGL if it tests 120.39 with a downside target of 113.32. We should have a stop loss in place at 120.67 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, 120.39, 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.

GOOGL Ratings for August 17:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Weak
P1	0	0	101.56
P2	120.75	120.39	113.32
P3	122.78	123.11	125.35

Support and Resistance Plot Chart for GOOGL

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