1️⃣ Big Picture on the 1-Hour Chart
* Price action: Alphabet closed around 255.35, steadily grinding higher along a rising trendline. The stock is testing the upper end of its ascending channel and pressing against fresh resistance.
* Key levels:
* Resistance: 256–257.5 (current high and call wall)
* Support: 253.8 → 252 (recent breakout zone)
* Indicators:
* MACD is positive and still trending up, confirming steady bullish momentum.
* Stoch RSI is elevated near 90, which can hint at a short-term pullback or sideways action.
Trend remains bullish, but with momentum stretched, traders should watch for a brief cooling before another leg higher.
2️⃣ GEX / Options Flow
* Major call walls cluster at 257.5, 262, and 265, with strong gamma support near 253.8.
* Notable put support sits around 245–247.5, plus an HVL around 247.5 that could attract price if sellers take control.
* IVR is around 22, indicating moderate implied volatility and decent liquidity for options traders.
This options setup suggests market makers may try to keep GOOGL in the 252–257.5 range early in the week, with a break over 257.5 potentially unleashing momentum toward 260 and beyond.
3️⃣ Trading Thoughts & Suggestions
* Scalp / day trade: Look for a clean break and hold above 256–257.5 with strong volume. If confirmed, quick upside targets are 260 → 262.
* Support bounce: A pullback to 253.8–252 that holds can offer a low-risk entry for another run at 256+.
* Fade setup: A hard rejection at 257.5 could send price back toward 253.8 and possibly 252.
4️⃣ Bottom Line
GOOGL is pressing on major resistance with solid momentum. A decisive move above 257.5 opens the door to 260+, while failure there could lead to a healthy retest of the 253–252 area.
Disclaimer: This is just market opinion for educational discussion. It’s not financial advice. Always manage your own risk before trading.
* Price action: Alphabet closed around 255.35, steadily grinding higher along a rising trendline. The stock is testing the upper end of its ascending channel and pressing against fresh resistance.
* Key levels:
* Resistance: 256–257.5 (current high and call wall)
* Support: 253.8 → 252 (recent breakout zone)
* Indicators:
* MACD is positive and still trending up, confirming steady bullish momentum.
* Stoch RSI is elevated near 90, which can hint at a short-term pullback or sideways action.
Trend remains bullish, but with momentum stretched, traders should watch for a brief cooling before another leg higher.
2️⃣ GEX / Options Flow
* Major call walls cluster at 257.5, 262, and 265, with strong gamma support near 253.8.
* Notable put support sits around 245–247.5, plus an HVL around 247.5 that could attract price if sellers take control.
* IVR is around 22, indicating moderate implied volatility and decent liquidity for options traders.
This options setup suggests market makers may try to keep GOOGL in the 252–257.5 range early in the week, with a break over 257.5 potentially unleashing momentum toward 260 and beyond.
3️⃣ Trading Thoughts & Suggestions
* Scalp / day trade: Look for a clean break and hold above 256–257.5 with strong volume. If confirmed, quick upside targets are 260 → 262.
* Support bounce: A pullback to 253.8–252 that holds can offer a low-risk entry for another run at 256+.
* Fade setup: A hard rejection at 257.5 could send price back toward 253.8 and possibly 252.
4️⃣ Bottom Line
GOOGL is pressing on major resistance with solid momentum. A decisive move above 257.5 opens the door to 260+, while failure there could lead to a healthy retest of the 253–252 area.
Disclaimer: This is just market opinion for educational discussion. It’s not financial advice. Always manage your own risk before trading.
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.