GOOGL Breaking Out! Is This the Next Big Move?
📈 Technical Analysis (TA):
* Trend: GOOGL has broken out of a descending wedge pattern, signaling a potential reversal to the upside.
* Key Support Levels:
* $182.5 - $181.83 (Strong support, marked by HVL and previous price reactions)
* $175 (Critical downside level if selling pressure increases)
* Key Resistance Levels:
* $187.5 - $188.20 (Current resistance, next breakout level)
* $195 - $200 (Major supply zone and Call Resistance)
* Indicators Analysis:
* MACD shows bullish momentum as the histogram turns positive.
* Stochastic RSI is in the overbought region, indicating potential consolidation or a minor pullback before continuation.
* Volume Uptick confirms buyers stepping in at key support.
Gamma Exposure (GEX) & Options Flow:
* Call Resistance at $200 with a 96.33% level, indicating heavy positioning by options traders.
* Strong GEX Positive Bias, supporting a continued move upward.
* IVR at 18.1, suggesting options are moderately priced compared to historical volatility.
Trade Scenarios:
* Bullish Play:
* Entry: Above $188.20
* Targets: $195, $200
* Stop: Below $182
* Bearish Play:
* Entry: Below $181
* Target: $175
* Stop: Above $185
🔥 GOOGL is showing strength with a potential breakout—keep this stock on your radar for the next move! 🔥
📌 Disclaimer: This analysis is for educational purposes only. Trade at your own risk!
* Trend: GOOGL has broken out of a descending wedge pattern, signaling a potential reversal to the upside.
* Key Support Levels:
* $182.5 - $181.83 (Strong support, marked by HVL and previous price reactions)
* $175 (Critical downside level if selling pressure increases)
* Key Resistance Levels:
* $187.5 - $188.20 (Current resistance, next breakout level)
* $195 - $200 (Major supply zone and Call Resistance)
* Indicators Analysis:
* MACD shows bullish momentum as the histogram turns positive.
* Stochastic RSI is in the overbought region, indicating potential consolidation or a minor pullback before continuation.
* Volume Uptick confirms buyers stepping in at key support.
Gamma Exposure (GEX) & Options Flow:
* Call Resistance at $200 with a 96.33% level, indicating heavy positioning by options traders.
* Strong GEX Positive Bias, supporting a continued move upward.
* IVR at 18.1, suggesting options are moderately priced compared to historical volatility.
Trade Scenarios:
* Bullish Play:
* Entry: Above $188.20
* Targets: $195, $200
* Stop: Below $182
* Bearish Play:
* Entry: Below $181
* Target: $175
* Stop: Above $185
🔥 GOOGL is showing strength with a potential breakout—keep this stock on your radar for the next move! 🔥
📌 Disclaimer: This analysis is for educational purposes only. Trade at your own risk!
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.