Trading Plan and Technical Analysis for GOOGL
Price Action Overview: GOOGL is currently trading near $135.50, attempting to recover after a dip from recent highs. The stock has formed a descending trendline, creating lower highs, but recent price action suggests a potential breakout attempt. Volume has been moderate, and the MACD is beginning to cross into bullish territory, signaling momentum may be shifting.
Liquidity Zones and Order Blocks:
* Liquidity Zone 1 (Support): $133.00-$134.50 - This area has seen buying interest and could act as a safety net for bullish setups.
* Liquidity Zone 2 (Resistance): $136.50-$138.00 - Key zone where sellers have shown dominance. A breakout above this could trigger a trend reversal.
Key Support and Resistance Levels:
* Support Levels:
* $134.50 - Immediate intraday support.
* $133.00 - Swing low and a critical level for bulls to defend.
* Resistance Levels:
* $136.50 - Immediate resistance and the descending trendline.
* $138.00 - Major breakout target.
Scalping Gameplan:
* Bullish Setup:
* Enter long above $136.50, targeting $137.50 and $138.50.
* Stop-loss: Below $136.00.
* Trigger: Watch for a strong 5-minute or 15-minute candle close above the descending trendline with rising volume.
* Bearish Setup:
* Enter short below $134.50, targeting $133.50 and $132.50.
* Stop-loss: Above $135.00.
* Trigger: Look for rejection at $136.50 followed by a breakdown below support with high volume.
Swing Trading Playbook:
* Bullish Case:
* Enter on a confirmed breakout above $136.50, with a swing target at $140.00.
* Stop-loss: Below $134.50.
* Indicators to Watch: MACD bullish crossover, RSI above 50, and sustained volume.
* Bearish Case:
* Enter short if price fails to break above $136.50 and closes below $134.00.
* Swing target: $130.00.
* Stop-loss: Above $135.50.
Thoughts and Suggestions: GOOGL is at a decision point, with price consolidating near the descending trendline. If volume picks up and breaks resistance, bulls could regain control. However, rejection at $136.50 might push the stock back toward support levels. Scalpers should be prepared for quick moves in either direction, while swing traders can capitalize on confirmed breakouts or breakdowns.
Disclaimer: This analysis is for educational purposes only and not financial advice. Always do your own due diligence and consult a financial professional before making trading decisions.
Price Action Overview: GOOGL is currently trading near $135.50, attempting to recover after a dip from recent highs. The stock has formed a descending trendline, creating lower highs, but recent price action suggests a potential breakout attempt. Volume has been moderate, and the MACD is beginning to cross into bullish territory, signaling momentum may be shifting.
Liquidity Zones and Order Blocks:
* Liquidity Zone 1 (Support): $133.00-$134.50 - This area has seen buying interest and could act as a safety net for bullish setups.
* Liquidity Zone 2 (Resistance): $136.50-$138.00 - Key zone where sellers have shown dominance. A breakout above this could trigger a trend reversal.
Key Support and Resistance Levels:
* Support Levels:
* $134.50 - Immediate intraday support.
* $133.00 - Swing low and a critical level for bulls to defend.
* Resistance Levels:
* $136.50 - Immediate resistance and the descending trendline.
* $138.00 - Major breakout target.
Scalping Gameplan:
* Bullish Setup:
* Enter long above $136.50, targeting $137.50 and $138.50.
* Stop-loss: Below $136.00.
* Trigger: Watch for a strong 5-minute or 15-minute candle close above the descending trendline with rising volume.
* Bearish Setup:
* Enter short below $134.50, targeting $133.50 and $132.50.
* Stop-loss: Above $135.00.
* Trigger: Look for rejection at $136.50 followed by a breakdown below support with high volume.
Swing Trading Playbook:
* Bullish Case:
* Enter on a confirmed breakout above $136.50, with a swing target at $140.00.
* Stop-loss: Below $134.50.
* Indicators to Watch: MACD bullish crossover, RSI above 50, and sustained volume.
* Bearish Case:
* Enter short if price fails to break above $136.50 and closes below $134.00.
* Swing target: $130.00.
* Stop-loss: Above $135.50.
Thoughts and Suggestions: GOOGL is at a decision point, with price consolidating near the descending trendline. If volume picks up and breaks resistance, bulls could regain control. However, rejection at $136.50 might push the stock back toward support levels. Scalpers should be prepared for quick moves in either direction, while swing traders can capitalize on confirmed breakouts or breakdowns.
Disclaimer: This analysis is for educational purposes only and not financial advice. Always do your own due diligence and consult a financial professional before making trading decisions.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.