GOOGL Trading Plan: Breakout or Range Play? Dec. 4, 2024

This financial analysis examines Alphabet Inc. (GOOGL) stock, identifying key resistance and support levels around $172.68 and $167 respectively. Trading strategies, both short-term (scalping) and long-term (swing), are proposed based on whether the stock breaks through resistance or experiences rejection. Technical indicators, such as MACD and volume, are considered to gauge momentum and confirm potential breakout or pullback scenarios. The analysis concludes with two possible scenarios for the next trading day and a crucial reminder that this is not financial advice. Risk management is emphasized through stop-loss orders.📊 For detailed charts and full technical analysis, visit:👉 TradingView Profile - BullBearInsightsStay ahead of the market and access expert insights to guide your trading decisions! Hosted on Acast. See acast.com/privacy for more information.