GOOGL Tests Key Levels! Can Bulls Break Through?
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.
Feragatname
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