Technical Analysis & Options Outlook
📌 Current Price: $167.24
📌 Trend: Bullish Momentum Facing Resistance
📌 Timeframe: 1-Hour
Price Action & Market Structure
Strong Recovery from Support – GOOGL bounced off the $158–$160 demand zone, signaling aggressive buying interest.
Breakout Watch – Price is now testing the descending trendline resistance near $167.50–$170. A breakout above this range could lead to a sharp upside move.
Possible Pullback Before Breakout – If rejected at $167.50–$170, expect a retest of $164–$160 before another breakout attempt.
MACD & Stoch RSI – Both indicate bullish strength, but Stoch RSI suggests an overbought condition, signaling potential short-term consolidation.
Key Levels to Watch
📍 Immediate Resistance:
🔹 $167.50 – Trendline Resistance
🔹 $170 – Major CALL Resistance & Gamma Wall (45.86%)
🔹 $172.50 – Strong Breakout Confirmation Zone
📍 Immediate Support:
🔻 $164 – Breakout Retest Zone
🔻 $160 – Strongest PUT Support (-48.34%)
🔻 $158 – Secondary PUT Wall (-23.69%)
Options Flow & GEX Sentiment
IVR: 40.1 (Moderate Volatility)
IVx: 34.2 (-1.41%) (Volatility Cooling, Favoring Breakouts)
GEX (Gamma Exposure): Bullish Bias Strengthening ✅ ✅ ✅
CALL Walls: $170 & $172.50 (Upside breakout zones)
PUT Walls: $160 & $158 (Key demand liquidity areas)
📌 Options Insight:
Above $170, expect a gamma-driven move toward $172.50–$175.
Below $164, risk increases for a pullback to $160–$158, where major liquidity resides.
My Thoughts & Trade Recommendation
🚀 Bullish Case: If GOOGL breaks and holds above $167.50, expect a continuation to $170–$172.50.
⚠️ Bearish Case: If GOOGL fails at $167.50, a pullback to $164–$160 is likely before another breakout attempt.
Trade Idea (For Educational Purposes)
📌 Bullish Play:
🔹 Entry: Breakout above $167.50
🔹 Target: $170–$172.50
🔹 Stop Loss: Below $164
📌 Bearish Play (Hedge Idea):
🔻 Entry: Rejection at $167.50
🔻 Target: $164–$160 PUT Wall
🔻 Stop Loss: Above $170
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and manage risk accordingly.
Final Thoughts
GOOGL is testing a critical resistance zone near $167.50–$170. A breakout could push the stock toward $172.50, while failure could trigger a pullback toward $164–$160 before another attempt. Wait for confirmation before taking a trade.
📌 Current Price: $167.24
📌 Trend: Bullish Momentum Facing Resistance
📌 Timeframe: 1-Hour
Price Action & Market Structure
Strong Recovery from Support – GOOGL bounced off the $158–$160 demand zone, signaling aggressive buying interest.
Breakout Watch – Price is now testing the descending trendline resistance near $167.50–$170. A breakout above this range could lead to a sharp upside move.
Possible Pullback Before Breakout – If rejected at $167.50–$170, expect a retest of $164–$160 before another breakout attempt.
MACD & Stoch RSI – Both indicate bullish strength, but Stoch RSI suggests an overbought condition, signaling potential short-term consolidation.
Key Levels to Watch
📍 Immediate Resistance:
🔹 $167.50 – Trendline Resistance
🔹 $170 – Major CALL Resistance & Gamma Wall (45.86%)
🔹 $172.50 – Strong Breakout Confirmation Zone
📍 Immediate Support:
🔻 $164 – Breakout Retest Zone
🔻 $160 – Strongest PUT Support (-48.34%)
🔻 $158 – Secondary PUT Wall (-23.69%)
Options Flow & GEX Sentiment
IVR: 40.1 (Moderate Volatility)
IVx: 34.2 (-1.41%) (Volatility Cooling, Favoring Breakouts)
GEX (Gamma Exposure): Bullish Bias Strengthening ✅ ✅ ✅
CALL Walls: $170 & $172.50 (Upside breakout zones)
PUT Walls: $160 & $158 (Key demand liquidity areas)
📌 Options Insight:
Above $170, expect a gamma-driven move toward $172.50–$175.
Below $164, risk increases for a pullback to $160–$158, where major liquidity resides.
My Thoughts & Trade Recommendation
🚀 Bullish Case: If GOOGL breaks and holds above $167.50, expect a continuation to $170–$172.50.
⚠️ Bearish Case: If GOOGL fails at $167.50, a pullback to $164–$160 is likely before another breakout attempt.
Trade Idea (For Educational Purposes)
📌 Bullish Play:
🔹 Entry: Breakout above $167.50
🔹 Target: $170–$172.50
🔹 Stop Loss: Below $164
📌 Bearish Play (Hedge Idea):
🔻 Entry: Rejection at $167.50
🔻 Target: $164–$160 PUT Wall
🔻 Stop Loss: Above $170
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and manage risk accordingly.
Final Thoughts
GOOGL is testing a critical resistance zone near $167.50–$170. A breakout could push the stock toward $172.50, while failure could trigger a pullback toward $164–$160 before another attempt. Wait for confirmation before taking a trade.
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.