(GOOGL) – Daily Technical Analysis
- Support Zone ($162 - Point of Interest): A key demand area where price has historically rebounded. A retest could offer a potential buying opportunity.
- Resistance Zone ($197 - Target Area): A strong supply zone where previous rallies have faced rejection. A breakout above this level could signal further upside momentum.
- Current Price ($173.86): Trading above support, but a pullback toward the $162 zone is possible before a potential rebound toward resistance.
- Volume & Trend: Volume remains active, indicating strong market participation. Confirmation of a reversal at support would strengthen the bullish case.
Outlook: Watch for price reaction near the support zone for a potential rebound toward $197. A breakdown below $162 could invalidate the bullish setup.
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- Support Zone ($162 - Point of Interest): A key demand area where price has historically rebounded. A retest could offer a potential buying opportunity.
- Resistance Zone ($197 - Target Area): A strong supply zone where previous rallies have faced rejection. A breakout above this level could signal further upside momentum.
- Current Price ($173.86): Trading above support, but a pullback toward the $162 zone is possible before a potential rebound toward resistance.
- Volume & Trend: Volume remains active, indicating strong market participation. Confirmation of a reversal at support would strengthen the bullish case.
Outlook: Watch for price reaction near the support zone for a potential rebound toward $197. A breakdown below $162 could invalidate the bullish setup.
If you enjoy, press the like button.
Trade active
Note
Price is trying to go upside...
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💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
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🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
Related publications
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.