As investor optimism around artificial intelligence continues driving strength across US technology stocks, Alphabet (GOOGL) is once again starting to stand out with a strong bullish trend structure and accelerating momentum. After successfully rebounding from the key $300.00 support region, GOOGL has staged an impressive rally back above $350.00, with the stock now pushing toward the psychologically important $400.00 level. Supported by fresh 1GT Bullish signals, the current setup suggests that buyers remain firmly in control.

In this article, I break down GOOGL using the One Good Trend (1GT) strategy, highlighting the key support and resistance levels traders should watch closely and what this current breakout structure may signal for the next move higher. I also explain how traders can potentially participate in the trend using Daily Leverage Certificates (DLCs).

Alphabet Inc. (GOOGL.NQ) is one of the world’s largest technology companies, with dominant businesses across online search, digital advertising, cloud computing, and artificial intelligence. As one of the key leaders within the US technology sector, GOOGL is widely viewed as a core AI and growth stock, especially as investor interest around artificial intelligence continues to strengthen.

GOOGL continues to display a strong and well-structured uptrend, supported by a series of higher highs and higher lows over the past year.

After experiencing a healthy correction earlier this year, the stock managed to stabilise above the key $300.00 support region, where multiple 1GT Bullish signals started appearing. 

This signalled that buyers were gradually stepping back in, laying the foundation for the next continuation move higher.

More recently, GOOGL has staged an aggressive breakout above the $350.00 resistance level, with momentum accelerating sharply toward the $400.00 region. 

This strong price expansion suggests that bullish momentum remains firmly in control.

Importantly, the latest 1GT Bullish signal is still actively playing out, highlighting continued strength within the prevailing trend. 

It is a key technical development, as bullish signals emerging after corrections often indicate the beginning of a new trend leg rather than the end of one.

From a moving average perspective, the 20-day moving average (green line) continues to trend firmly upward and remains above the 100-day moving average (red line). 

Meanwhile, the 100-day moving average itself remains well above the 200-day moving average (blue line), confirming that the broader long-term trend structure remains bullish.

The $350.00 level now acts as a key support zone, where previous resistance has turned into support following the breakout. 

As long as price continues holding above this region, the bullish structure remains intact.

For a more conservative approach, traders may look to accumulate on pullbacks that remain above the $350.00 support level, allowing them to participate while maintaining a favourable risk-to-reward setup.

For traders with a more aggressive stance, a sustained move above the $400.00 resistance region could potentially trigger the next continuation phase higher, opening the path toward the $450.00 target zone.

Overall, with the 1GT Bullish signal still active, moving averages aligned firmly to the upside, and momentum accelerating after the breakout, GOOGL remains technically strong.

Until a red 1GT bearish signal appears, the trend bias remains bullish, with the current setup suggesting that this uptrend may still have room to extend further.

So, how does one take a position in Alphabet Inc whereby you are able to reap more potential return to ride either the downside or upside further?

Those keen to ride on the short-term upward momentum in GOOGL shares can consider using Daily Leverage Certificates (DLCs) traded on SGX to leverage on that move.

The reason for that is that the DLCs can potentially generate magnified returns for a given move in the underlying.

You can trade in both Long or Short directions and in SGD trading currency during Asian market hours, even when the US markets are closed.

Traders who are bullish can consider the 3x Long DLC on GOOGL (USJW), while those who are bearish can consider the 3x Short DLC (USPW) as shown below.

Magnificent 7 US Stock DLCs

Those keen to ride the short-term momentum in GOOGL can consider using Daily Leverage Certificates (DLCs) listed on SGX to amplify their exposure. 

The US Stock DLCs are designed to provide a fixed 3 times leverage performance on the underlying US stock daily performance on a US market close-to-close basis. The basic principle of the daily performance is as follows:

Investors can trade the US Stock DLCs during SGX market hours 9:00AM to 5:00PM via any regular stock brokerage account where Societe Generale as the Designated Market Maker will provide live tradable prices and intra-day liquidity, offering investors a new trading window during Asian hours when US markets are closed.

Visit https://dlc.socgen.com/en/home to find out more. 

Joey is Singapore’s renowned mentor on how to make an income by trading the stock market, an author and one of the most-watched, quoted and followed stock trading trainers in Singapore. Over the years, he has conducted numerous full house seminars, enriching thousands to trade more profitably. 

Joey’s come back story from a S$740k debt has been featured in the Business Times and inspired thousands in Singapore. In less than 3 years, he is highly regarded as one of the Top Tier Remisiers (Stock Brokers) and Traders, bagging numerous yearly awards like Top Trading Representative and Top CFD Achiever every year from 2014 to 2023 in Phillip Securities.

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