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On May 7, 2025, Alphabet ( $Alphabet(GOOGL)$ ) fell over 9% after Apple’s Eddy Cue testified that Apple is exploring AI-powered search alternatives for Safari.
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The news raised concerns about Google’s search dominance and future revenue, triggering the stock drop.
1. Significance of $150 Resistance Turning into Support
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Psychology Shift:
The breakout above $150 (previous ATH) confirms buyers overcame years of selling pressure at this level.
Investors now see dips to $150 as a "discount," creating demand.
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Support Zone Strength:
The 140–150 area is now critical. Holding here maintains the uptrend; losing it undermines bullish conviction.
Why $140? A pullback beyond 5–7% below the AHT often triggers algorithmic selling.
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Volume & Price Action:
A valid support retest should show declining volume on dips (no panic selling) and spikes on bounces (new buyers).
2. Key Scenarios & Trading Implications
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Bullish Case (Holds $150):
Target 180–200 (next psychological/resistance zones).
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Bearish Case (Breaks $140):
Opens risk of drop to 120–130 (prior swing highs now support).
How to Use DLCs for Trading Google (GOOGL)
Daily Leverage Certificates (DLCs) allow short-term traders to amplify gains (or losses) using 3x–7x leverage. Here’s how to apply them to GOOGL’s key levels:
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Supported at 150: If $Alphabet(GOOGL)$ bounces from 150 with rising volume, consider bullish DLCs (e.g. $ALPHAB 3xLongSG261006(USJW.SI)$ )
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Break below 140 : If price falls through 140 with momentum, bearish DLCs ( $ALPHAB 3xShortSG261006(USPW.SI)$ ) may be appropriate.
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For more information about DLCs, visit https://dlc.socgen.com/en/education/handbook
Disclaimer:
This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only.
This advertisement has not been reviewed by the Monetary Authority of Singapore. This post is sponsored by Societe Generale, Singapore Branch. The content of this article does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.
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