Technical Analysis (TA):
Current Price Action:
* GOOGL has recently broken out of a descending channel and is now trading above $200, showing bullish momentum.
* The price reached a high of $205.48 and is currently consolidating.
Key Support and Resistance:
* Support Levels:
* $200 (psychological level and recent breakout point).
* $192.50 (historical support and HVL zone).
* Resistance Levels:
* $205.48 (intraday high).
* $210 (highest positive GEX/Call Resistance).
Trend and Indicators:
* MACD: Positive momentum but showing signs of potential divergence. Watch for a cross to confirm direction.
* Stochastic RSI: Overbought, suggesting possible short-term consolidation or pullback.
* Volume: Increasing on the breakout, indicating strong interest from buyers.
Price Scenarios:
* Bullish: A breakout above $205.50 could see a test of $210, aligning with the highest positive GEX level.
* Bearish: A failure to hold $200 may lead to a retest of $192.50 and further downside toward $185.
Options GEX Analysis:
* Call Walls:
* $205.48 (key resistance).
* $210 (highest positive GEX, strong gamma wall).
* Put Walls:
* $192.50 (support zone).
* $185 (2nd Put Wall and significant downside support).
Options Metrics:
* Implied Volatility (IVR): 57.2 (elevated, indicating higher premium levels).
* Call Volume Dominance: 25.8% ($205 strike seeing significant activity).
* Gamma Exposure (GEX): Positive, supporting bullish bias.
Trade Setups:
Bullish Setup:
* Entry: Above $205.50.
* Target: $210.
* Stop-Loss: $202.
Bearish Setup:
* Entry: Below $200.
* Target: $192.50.
* Stop-Loss: $203.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risks carefully before trading.
Current Price Action:
* GOOGL has recently broken out of a descending channel and is now trading above $200, showing bullish momentum.
* The price reached a high of $205.48 and is currently consolidating.
Key Support and Resistance:
* Support Levels:
* $200 (psychological level and recent breakout point).
* $192.50 (historical support and HVL zone).
* Resistance Levels:
* $205.48 (intraday high).
* $210 (highest positive GEX/Call Resistance).
Trend and Indicators:
* MACD: Positive momentum but showing signs of potential divergence. Watch for a cross to confirm direction.
* Stochastic RSI: Overbought, suggesting possible short-term consolidation or pullback.
* Volume: Increasing on the breakout, indicating strong interest from buyers.
Price Scenarios:
* Bullish: A breakout above $205.50 could see a test of $210, aligning with the highest positive GEX level.
* Bearish: A failure to hold $200 may lead to a retest of $192.50 and further downside toward $185.
Options GEX Analysis:
* Call Walls:
* $205.48 (key resistance).
* $210 (highest positive GEX, strong gamma wall).
* Put Walls:
* $192.50 (support zone).
* $185 (2nd Put Wall and significant downside support).
Options Metrics:
* Implied Volatility (IVR): 57.2 (elevated, indicating higher premium levels).
* Call Volume Dominance: 25.8% ($205 strike seeing significant activity).
* Gamma Exposure (GEX): Positive, supporting bullish bias.
Trade Setups:
Bullish Setup:
* Entry: Above $205.50.
* Target: $210.
* Stop-Loss: $202.
Bearish Setup:
* Entry: Below $200.
* Target: $192.50.
* Stop-Loss: $203.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risks carefully before trading.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.