Technical Analysis Overview:
1-Hour Chart:
* Trend: GOOGL is recovering from a recent pullback, now testing resistance near $195.50.
* Indicators:
* MACD: Shows bullish momentum slowing as the histogram shrinks.
* Stochastic RSI: Overbought at 96.69, suggesting a potential pullback or consolidation.
30-Minute Chart:
* Price Action:
* GOOGL has rebounded off $190 support and is approaching resistance at $197-$200.
* Volume has picked up during the move, supporting bullish activity.
Key Levels to Watch:
Support Levels:
* $190: Immediate support zone.
* $187.50: Strong support aligned with the HVL and PUT support.
* $182.50: Next support, close to the 2nd PUT Wall.
Resistance Levels:
* $195.50-$197: Key resistance, aligned with the 2nd CALL Wall.
* $200-$202.50: Major resistance zone, coinciding with the 3rd CALL Wall.
GEX Insights:
Key Gamma Levels:
* Positive Gamma Walls (Resistance):
* $197: 94.54% GEX (2nd CALL Wall).
* $200: 69.41% GEX (3rd CALL Wall).
* $205-$210: Higher resistance, marking extended upside targets.
* Negative Gamma Levels (Support):
* $187.50: Significant support (-2.03% GEX).
* $182.50: 2nd PUT Wall (-0.94% GEX).
Options Metrics:
* IVR: 50.2, indicating moderate implied volatility.
* IVx: 33.5, slightly below average.
* Call/Put Bias: Calls dominate at 16.8%, reflecting a bullish tilt.
Trade Scenarios:
Bullish Scenario:
* Entry: Above $197 with volume confirmation.
* Target: $200-$202.50.
* Stop-Loss: Below $190 to limit risk.
Bearish Scenario:
* Entry: Rejection at $197 or breakdown below $190.
* Target: $187.50-$182.50.
* Stop-Loss: Above $200 to minimize losses.
Directional Bias:
* GOOGL’s move toward $197 suggests bullish potential, but overbought conditions and resistance at $200 may slow further gains. A confirmed breakout above $197 could target $200-$202.50, while failure may lead to consolidation near $190.
Conclusion:
GOOGL is testing critical resistance near $197. A breakout could push the price toward $200-$202.50, while a rejection may pull it back to $190 or lower. Monitor volume and momentum closely for actionable trade setups.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your research and trade responsibly.
1-Hour Chart:
* Trend: GOOGL is recovering from a recent pullback, now testing resistance near $195.50.
* Indicators:
* MACD: Shows bullish momentum slowing as the histogram shrinks.
* Stochastic RSI: Overbought at 96.69, suggesting a potential pullback or consolidation.
30-Minute Chart:
* Price Action:
* GOOGL has rebounded off $190 support and is approaching resistance at $197-$200.
* Volume has picked up during the move, supporting bullish activity.
Key Levels to Watch:
Support Levels:
* $190: Immediate support zone.
* $187.50: Strong support aligned with the HVL and PUT support.
* $182.50: Next support, close to the 2nd PUT Wall.
Resistance Levels:
* $195.50-$197: Key resistance, aligned with the 2nd CALL Wall.
* $200-$202.50: Major resistance zone, coinciding with the 3rd CALL Wall.
GEX Insights:
Key Gamma Levels:
* Positive Gamma Walls (Resistance):
* $197: 94.54% GEX (2nd CALL Wall).
* $200: 69.41% GEX (3rd CALL Wall).
* $205-$210: Higher resistance, marking extended upside targets.
* Negative Gamma Levels (Support):
* $187.50: Significant support (-2.03% GEX).
* $182.50: 2nd PUT Wall (-0.94% GEX).
Options Metrics:
* IVR: 50.2, indicating moderate implied volatility.
* IVx: 33.5, slightly below average.
* Call/Put Bias: Calls dominate at 16.8%, reflecting a bullish tilt.
Trade Scenarios:
Bullish Scenario:
* Entry: Above $197 with volume confirmation.
* Target: $200-$202.50.
* Stop-Loss: Below $190 to limit risk.
Bearish Scenario:
* Entry: Rejection at $197 or breakdown below $190.
* Target: $187.50-$182.50.
* Stop-Loss: Above $200 to minimize losses.
Directional Bias:
* GOOGL’s move toward $197 suggests bullish potential, but overbought conditions and resistance at $200 may slow further gains. A confirmed breakout above $197 could target $200-$202.50, while failure may lead to consolidation near $190.
Conclusion:
GOOGL is testing critical resistance near $197. A breakout could push the price toward $200-$202.50, while a rejection may pull it back to $190 or lower. Monitor volume and momentum closely for actionable trade setups.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your research and trade responsibly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.