Executive Summary

As global markets kick off the new year in risk-on mode, investors appear increasingly willing to look past geopolitical noise and refocus on growth and innovation. Even a major US military action in Venezuela has failed to derail equities, with the Dow pushing fresh highs and renewed optimism returning to the AI trade. In environments like this, stocks that consolidate well rather than break down often become the next leaders.

Alphabet Inc (GOOGL) is one such name. After a strong multi-month advance, the stock has shifted into a controlled consolidation just below key resistance levels. Importantly, this pause has come while the  1GT Bullish signals are still playing out, signalling that the broader uptrend remains intact rather than exhausted.

In this article, I break down what GOOGL’s chart is telling us using my One Good Trend (1GT) strategy, highlighting the critical support and resistance zones that now matter most, and what needs to happen for the next breakout to unfold. I’ll also share how traders can potentially amplify returns by using Daily Leverage Certificates (DLCs), whether GOOGL resumes its rally or reacts sharply from resistance.

Alphabet Inc. (GOOGL.NQ)

Alphabet Inc. (GOOGL.NQ) is one of the world’s largest and most influential technology companies, with core businesses spanning search, digital advertising, cloud computing, AI, and consumer platforms such as YouTube and Android. As a key member of the US “Magnificent 7,” it remains one of the most closely watched stocks globally.

After bottoming out in April 2025, GOOGL continues to trade within a well-established uptrend that remains firmly intact.

After a strong advance over the past year, the stock experienced a period of consolidation in the last month. 

With prices holding comfortably above prior breakout levels, suggesting consolidation rather than trend exhaustion.

A latest 1GT Bullish signal was triggered earlier in the uptrend in August 2025 and is still playing out today. Importantly, there has been no red (bearish) 1GT signal to invalidate the current trend. 

Looking at the moving averages, the short-term 20-day moving average (green line) remains above the 100-day (red line) and 200-day (blue line) moving averages, confirming that short-term momentum is aligned with the broader bullish structure. 

The longer-term trend also remains healthy, with the 100-day moving average sloping upward and staying above the 200-day, reinforcing trend sustainability.

Currently, the $300 level now stands out as the key support zone to watch. This area represents a previous resistance-turned-support and coincides with the rising short-term trend. As long as prices remain above this zone, the uptrend remains valid.

On the upside, the stock is currently consolidating below the $330 resistance level. A sustained break above this zone could open the door for the next potential upside move toward the $360 level, which represents a measured move of roughly 10-12% from current prices.

Should there be a short-term pullback, any retracement that holds above the $300 support zone could offer opportunities for traders looking to position for a continuation of the trend.

Overall, with the 1GT Bullish signal still active, moving averages aligned, and price structure holding firm above key support, GOOGL remains technically constructive. 

Until a red 1GT bearish signal appears, the bias stays bullish, with the current consolidation likely serving as a base for the next move.

So, how does one take a position in Alphabet 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:

• If GOOGL rises by 2%, the respective 3x Long DLC will rise by 6% and 3x Short DLC will fall by 6% accordingly on a US market close-to-close basis, before overnight cost and fees.

• If GOOGL falls by 2%, the respective 3x Short DLC will rise by 6% and 3x Long DLC will fall by 6% accordingly on a US market close-to-close basis, before overnight cost and fees.

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 DLC.socgen.com/usdlc to find out more. 

About the Author - Joey Choy

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.

More about Joey here

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- Joey

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This article was created in partnership with Societe Generale (Singapore branch). This advertisement has not been reviewed by the Monetary Authority of Singapore. The views expressed under this article represent the personal and independent views of the author and do not constitute investment advice. 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 http://www.dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.