Price is pinned mid-range between the rising 200-SMA support at 337.19 and 50-SMA resistance at 346.06, a classic compression setup. The bullish MACD cross-up beneath zero suggests waning downside momentum, and the trade-quality score (92.5) with profit-probability at 83.0 corroborates a constructive risk/reward. However, RSI at 49.96 confirms no directional conviction yet — a decisive push through the 50-SMA is required to validate the long bias.
Thursday 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, $QCOM, $SHOP, $HIMS, $IWM, $BMNR.
5 of 5 plays
GOOGL is coiling between its 50-SMA (346.06) and 200-SMA (337.19), with price at 342.87 sitting just 1.69% above the long-term trend line. The tape is at an inflection as MACD (-1.60 vs signal -2.57) turns up from negative territory while RSI (49.96) hovers at the neutral pivot.
EntryTier 1: 338.00-340.00 on a pullback holding the 200-SMA (337.19). Tier 2: breakout trigger above 346.50 (reclaim of 50-SMA) with momentum confirmation.
Targets352.00 — prior swing supply and first extension above the 50-SMA → 360.00-362.00 — measured move from the 337-346 range breakout
StopDaily close below 335.50 (roughly 0.5% under the 200-SMA). Breaking this invalidates the long-term trend support and would flip the structure to distribution, forcing exit.
Educational only. Not financial advice.