Price sits only 2.48% above the 200-SMA, keeping the long-term trend intact while the 50-SMA has crossed cleanly above the 200-SMA — a constructive structural backdrop. RSI at 52.80 is mid-range, leaving ample room to run before overbought conditions emerge near 70. The MACD spread of +0.55 above signal confirms early momentum expansion, but the shallow distance to the 200-SMA means the setup is still early-stage and vulnerable to a retest of the 50-SMA at 344.92.
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: $HIMS, $DOCN, $MDB, $SOLT, $AMZN, $LRCX.
5 of 5 plays
GOOGL is coiling just above its rising 50-SMA (344.92) and 200-SMA (340.77) at 349.22, with a bullish MACD crossover (1.76 vs 1.21 signal) suggesting momentum is turning up from a neutral base.
EntryPreferred accumulation zone 345.00–347.50 on a pullback toward the 50-SMA; alternatively, a momentum trigger on a decisive close above 352.00.
Targets358.50 — recovery of prior swing resistance and roughly +2.7% from spot → 366.00 — extension target, approximately +4.8% and ~7.4% above the 200-SMA
StopDaily close below 340.00 invalidates the thesis — it would breach the 200-SMA and signal the MACD momentum impulse has failed.
Educational only. Not financial advice.