When (GOOGL) Moves Investors should Listen

March 09, 2024, 15:42 pm ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GOOGL

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short GOOGL slightly under 136.93, target n/a, stop loss @ 137.33 Details

The technical summary data is suggesting a short of GOOGL as it gets near 136.93, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 137.33. 136.93 is the first level of resistance above 135.41, and by rule, any test of resistance is a short signal. In this case, if resistance 136.93 is being tested, so a short signal would exist.

Swing Trading Plans for GOOGL

• Buy GOOGL slightly over 136.93, target 146.62, Stop Loss @ 136.53 Details

If 136.93 begins to break higher, the technical summary data tells us to buy GOOGL just slightly over 136.93, with an upside target of 146.62. The data also tells us to set a stop loss @ 136.53 in case the stock turns against the trade. 136.93 is the first level of resistance above 135.41, and by rule, any break above resistance is a buy signal. In this case, 136.93, 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 GOOGL slightly near 136.93, target 134.34, Stop Loss @ 137.33. Details

The technical summary data is suggesting a short of GOOGL if it tests 136.93 with a downside target of 134.34. We should have a stop loss in place at 137.33 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, 136.93, 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.

Day Trading Plans for GOOGL

• Buy GOOGL slightly over 137.03, target 146.62, Stop Loss @ 136.71 Details

If 137.03 begins to break higher, the technical summary data tells us to buy GOOGL just slightly over 137.03, with an upside target of 146.62. The data also tells us to set a stop loss @ 136.71 in case the stock turns against the trade. 137.03 is the first level of resistance above 135.41, and by rule, any break above resistance is a buy signal. In this case, 137.03, 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 137.03, target 134.34, Stop Loss @ 137.35. Details

The technical summary data is suggesting a short of GOOGL if it tests 137.03 with a downside target of 134.34. We should have a stop loss in place at 137.35 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, 137.03, 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 March 09:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	136.93
P2	134.06	128.95	146.62
P3	137.03	134.34	156.13

AI Generated Signals for GOOGL

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