Trading (GOOG) With Integrated Risk Controls
February 24, 2024, 22:44 pm ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GOOG
- Buy GOOG slightly over 139.4 target 149.13 stop loss @ 139 Details
The technical summary data tells us to buy GOOG near 139.4 with an upside target of 149.13. This data also tells us to set a stop loss @ 139 to protect against excessive loss in case the stock begins to move against the trade. 139.4 is the first level of support below 145.29 , and by rule, any test of support is a buy signal. In this case, support 139.4 would be being tested, so a buy signal would exist.
- Short GOOG slightly under 149.13, target 139.4, stop loss @ 149.56 Details
The technical summary data is suggesting a short of GOOG as it gets near 149.13 with a downside target of 139.4. We should have a stop loss in place at 149.56though. 149.13 is the first level of resistance above 145.29, and by rule, any test of resistance is a short signal. In this case, if resistance 149.13 is being tested, so a short signal would exist.
Swing Trading Plans for GOOG
- Buy GOOG slightly over 145.37, target 149.13, Stop Loss @ 144.95 Details
If 145.37 begins to break higher, the technical summary data tells us to buy GOOG just slightly over 145.37, with an upside target of 149.13. The data also tells us to set a stop loss @ 144.95 in case the stock turns against the trade. 145.37 is the first level of resistance above 145.29, and by rule, any break above resistance is a buy signal. In this case, 145.37, 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 145.37, target 140.68, Stop Loss @ 145.79. Details
The technical summary data is suggesting a short of GOOG if it tests 145.37 with a downside target of 140.68. We should have a stop loss in place at 145.79 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, 145.37, 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 145.37, target 149.13, Stop Loss @ 145.03 Details
If 145.37 begins to break higher, the technical summary data tells us to buy GOOG just slightly over 145.37, with an upside target of 149.13. The data also tells us to set a stop loss @ 145.03 in case the stock turns against the trade. 145.37 is the first level of resistance above 145.29, and by rule, any break above resistance is a buy signal. In this case, 145.37, 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 145.37, target 143.24, Stop Loss @ 145.71. Details
The technical summary data is suggesting a short of GOOG if it tests 145.37 with a downside target of 143.24. We should have a stop loss in place at 145.71 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, 145.37, 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 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
139.4 |
| P2 |
143.24 |
140.68 |
149.13 |
| P3 |
145.23 |
145.37 |
158.75 |
AI Generated Signals for GOOG
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for GOOG:
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