Analysis: Trend and Price Action
GOOGL is trading near $195.60, consolidating within a rising wedge pattern on the 1-hour timeframe. It remains above the 9 EMA and 21 EMA, suggesting bullish sentiment. However, the tight consolidation near gamma resistance may lead to increased volatility soon.
Volume Analysis: The recent volume has been average but declining, typical during wedge patterns. Look for a volume surge as a signal for a breakout or breakdown.
GEX and Options Oscillator Insights
* Gamma Exposure (GEX):
* Major Call Wall: $200 (resistance area).
* PUT Support: $182.5 (strong support level).
* Highest Net GEX: $195.5 (current pivot point).
* Options Oscillator (IVR and IVx):
* IVR: 42, indicating elevated implied volatility.
* IVx Avg: 28.1, which favors a mixed environment for options pricing.
Key Levels
Support
* $192.5: Immediate support zone.
* $190: Psychological and gamma support level.
* $182.5: Strong PUT wall and long-term support.
Resistance
* $195.5: Gamma pivot level.
* $200: Key gamma resistance and psychological level.
* $202.5: Extended resistance based on gamma data.
Trade Scenarios
Scalping Strategy
* Bullish:
* Entry: Above $196.
* Target: $197.5.
* Stop Loss: $195.
* Strategy: Monitor MACD crossover and RSI momentum. Ensure breakout above the rising wedge.
* Bearish:
* Entry: Below $195.
* Target: $193.
* Stop Loss: $196.
* Strategy: Watch for EMA crossovers and RSI divergence.
Swing Trading Strategy
* Bullish Swing Setup:
* Entry: Sustained close above $196.5 with strong volume.
* Target 1: $200.
* Target 2: $202.5.
* Stop Loss: $192.5.
* Bearish Swing Setup:
* Entry: Breakdown below $192.5.
* Target 1: $190.
* Target 2: $185.
* Stop Loss: $195.5.
Indicators Review
* 9 EMA and 21 EMA: Price holding above both EMAs, signaling short-term bullish momentum.
* MACD: Flat, indicating consolidation. Watch for divergence or crossover.
* RSI: Neutral, neither overbought nor oversold.
Outlook
* Scalping: Focus on momentum above $196 or breakdown below $195.
* Swing: A breakout above $200 could target $202.5, while a failure at $192.5 may see downside toward $185.
Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always perform your own due diligence and manage your risk effectively.
GOOGL is trading near $195.60, consolidating within a rising wedge pattern on the 1-hour timeframe. It remains above the 9 EMA and 21 EMA, suggesting bullish sentiment. However, the tight consolidation near gamma resistance may lead to increased volatility soon.
Volume Analysis: The recent volume has been average but declining, typical during wedge patterns. Look for a volume surge as a signal for a breakout or breakdown.
GEX and Options Oscillator Insights
* Gamma Exposure (GEX):
* Major Call Wall: $200 (resistance area).
* PUT Support: $182.5 (strong support level).
* Highest Net GEX: $195.5 (current pivot point).
* Options Oscillator (IVR and IVx):
* IVR: 42, indicating elevated implied volatility.
* IVx Avg: 28.1, which favors a mixed environment for options pricing.
Key Levels
Support
* $192.5: Immediate support zone.
* $190: Psychological and gamma support level.
* $182.5: Strong PUT wall and long-term support.
Resistance
* $195.5: Gamma pivot level.
* $200: Key gamma resistance and psychological level.
* $202.5: Extended resistance based on gamma data.
Trade Scenarios
Scalping Strategy
* Bullish:
* Entry: Above $196.
* Target: $197.5.
* Stop Loss: $195.
* Strategy: Monitor MACD crossover and RSI momentum. Ensure breakout above the rising wedge.
* Bearish:
* Entry: Below $195.
* Target: $193.
* Stop Loss: $196.
* Strategy: Watch for EMA crossovers and RSI divergence.
Swing Trading Strategy
* Bullish Swing Setup:
* Entry: Sustained close above $196.5 with strong volume.
* Target 1: $200.
* Target 2: $202.5.
* Stop Loss: $192.5.
* Bearish Swing Setup:
* Entry: Breakdown below $192.5.
* Target 1: $190.
* Target 2: $185.
* Stop Loss: $195.5.
Indicators Review
* 9 EMA and 21 EMA: Price holding above both EMAs, signaling short-term bullish momentum.
* MACD: Flat, indicating consolidation. Watch for divergence or crossover.
* RSI: Neutral, neither overbought nor oversold.
Outlook
* Scalping: Focus on momentum above $196 or breakdown below $195.
* Swing: A breakout above $200 could target $202.5, while a failure at $192.5 may see downside toward $185.
Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always perform your own due diligence and manage your risk effectively.
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.