Price at 344.98 sits just $1.56 under the 50-SMA, framing that level as the immediate pivot; RSI at 51.61 is neutral but tilting constructive, and MACD at -1.90 versus its signal at -2.81 shows a bullish crossover forming from oversold territory. The 200-SMA at 337.07 provides a clearly defined structural floor, and the trade-quality score of 92.1 alongside profit-probability of 83.0 corroborates a favorable asymmetric setup. However, the technical-inflection score of 59.9 signals the breakout is not yet confirmed — momentum is building but price must reclaim the 50-SMA to validate the long bias.
Wednesday Playbook — Top 5 Setups
The day's five highest-conviction setups, ranked by technical inflection, profit-probability, and trade quality — 5 long, 0 short. Trade your plan and manage risk first. Also screened: $META, $AMZN, $SHOP, $HIMS, $IWM, $QCOM.
5 of 5 plays
GOOGL is coiling directly at its 50-SMA (346.54) while holding 2.35% above the rising 200-SMA (337.07), setting up a classic mean-reversion inflection where the medium-term trend line is being retested from below.
EntryPrimary trigger: reclaim and hold above the 50-SMA at 346.54, entering on strength toward 347.50. Secondary add: pullback into 340.00-341.50 zone with RSI holding above 50.
TargetsFirst target: 355.00 — prior swing resistance and a ~3% extension from the 50-SMA reclaim → Second target: 365.00 — measured move projecting off the 200-SMA base
StopDaily close below 336.50 (just under the 200-SMA at 337.07). A break there invalidates the higher-low structure and signals the medium-term uptrend is failing, likely opening a deeper mean-reversion move.
Educational only. Not financial advice.