Price trades above both the 50- and 200-SMA, and the 50 sits above the 200, keeping structure constructive. MACD at 1.82 over a 1.07 signal shows positive momentum crossover, but RSI at 51.24 is neutral — momentum is building without being extended. The thin 2.07% cushion to the 200-SMA means the reclaim is still fragile and needs a decisive push through the recent balance to validate continuation.
Wednesday Playbook — Top 5 Setups
The day's five highest-conviction setups, ranked by technical inflection, profit-probability, and trade quality — 4 long, 0 short. Trade your plan and manage risk first. Also screened: $EWY, $AMAT, $JPM, $LRCX, $SPY, $QCOM.
5 of 5 plays
GOOGL is coiling just above a tightly-stacked 50-SMA (345.19) and 200-SMA (340.59) at 347.64, with the long bias intact but price sitting only 2.07% above its 200-day — a classic inflection where trend confirmation or rejection typically resolves quickly.
EntryPreferred add zone 345.00–347.50 on a hold of the 50-SMA; confirmation trigger on a close above 348.50 to signal breakout from the SMA cluster.
TargetsFirst target 355.00 (near-term swing resistance / momentum extension) → Second target 362.50 (measured move from the 50/200-SMA base)
StopInvalidation on a daily close below 340.59 (200-SMA); losing that level breaks the long structure and shifts bias back to neutral/defensive.
Educational only. Not financial advice.