Price (342.75) is pinned just below the 50-SMA (344.21), which is acting as immediate resistance, while the rising 200-SMA at 338.34 provides the structural floor only 1.30% below spot. The MACD spread of +0.25 above signal, with both prints still negative, signals downside exhaustion rather than confirmed trend — a classic pre-cross posture. RSI at 48.81 leaves symmetric room in either direction, so the tape needs a decisive close through 344.21 to validate the long thesis. Failure to reclaim the 50-SMA on the next attempt keeps the name range-bound between the two moving averages.
Tuesday 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: $IWM, $AMZN, $COIN, $SPY, $ASAN, $CRCL.
5 of 5 plays
GOOGL is coiling within 0.5% of its 50-SMA (344.21) and 1.30% above its 200-SMA (338.34), with a working long bias supported by trade-quality (87.1) and profit-probability (83.0) scores despite a middling technical-inflection reading (63.3). The setup is at an inflection because momentum is mean-reverting: RSI at 48.81 sits at the neutral pivot while MACD (-0.05) has curled above its signal (-0.30), hinting at a bullish cross before price has confirmed the reclaim.
EntryTiered: starter on a reclaim and hold above the 50-SMA at 344.21, add on pullback into 339.50–340.50 that holds the 200-SMA (338.34).
Targets350.00 — recovery of round-number resistance and re-expansion above the 50-SMA → 356.50 — approx. 4% extension above the 50-SMA, prior swing supply zone
StopDaily close below 336.50 (roughly 0.5% under the 200-SMA); losing the 338.34 shelf negates the long-bias structure and flips the setup to trend-down.
Educational only. Not financial advice.