1-Hour Chart Technical View
Alphabet’s 1-hour chart shows a strong early-September rally followed by a controlled pullback. Price reached the $256 area and is now consolidating around $251. MACD has cooled sharply from overbought and Stoch RSI is at low levels, suggesting a near-term reset inside an intact rising channel.
* Immediate Support: $250–$251 (current consolidation floor)
* Major Support: $245 and $241.9 (previous demand zone)
* Upside Zone: $255–$257.5, with $260 as an extended target if momentum returns
The 9 EMA is still above the 21 EMA, but the gap is narrowing—watch for either a bullish bounce off $250 or a bearish cross if weakness persists.
GEX & Options Flow
Options data continues to lean constructive:
* Call Walls: $255 (2nd call wall), $257.5 (3rd call wall), and $260 (outer target).
* Put Support: $245 (largest near-term put hedge) and $242.5.
* GEX Bias: Call gamma stands near 37.2% with IVR at 28.2 (IVx ~36.3), indicating healthy option activity and moderate premium levels.
Dealers remain positioned to dampen sharp drops, supporting a buy-the-dip bias if $250 holds.
Trade Thoughts & Suggestions
* Swing Idea: Accumulate near $250–$251 with a stop below $245, targeting $255–$260 as the next upside zone.
* Scalp Idea: Use $250 as a quick dip-buy level or scalp a breakout on a decisive close above $255 with expanding volume.
* Bearish Scenario: A break below $245 would shift bias to the $241.9 and $233.4 supports.
Quick Take
GOOGL is in a healthy consolidation after a strong rally. For Sept 17, holding the $250 floor keeps the path open for a push back toward $255–$260.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk before trading.
Alphabet’s 1-hour chart shows a strong early-September rally followed by a controlled pullback. Price reached the $256 area and is now consolidating around $251. MACD has cooled sharply from overbought and Stoch RSI is at low levels, suggesting a near-term reset inside an intact rising channel.
* Immediate Support: $250–$251 (current consolidation floor)
* Major Support: $245 and $241.9 (previous demand zone)
* Upside Zone: $255–$257.5, with $260 as an extended target if momentum returns
The 9 EMA is still above the 21 EMA, but the gap is narrowing—watch for either a bullish bounce off $250 or a bearish cross if weakness persists.
GEX & Options Flow
Options data continues to lean constructive:
* Call Walls: $255 (2nd call wall), $257.5 (3rd call wall), and $260 (outer target).
* Put Support: $245 (largest near-term put hedge) and $242.5.
* GEX Bias: Call gamma stands near 37.2% with IVR at 28.2 (IVx ~36.3), indicating healthy option activity and moderate premium levels.
Dealers remain positioned to dampen sharp drops, supporting a buy-the-dip bias if $250 holds.
Trade Thoughts & Suggestions
* Swing Idea: Accumulate near $250–$251 with a stop below $245, targeting $255–$260 as the next upside zone.
* Scalp Idea: Use $250 as a quick dip-buy level or scalp a breakout on a decisive close above $255 with expanding volume.
* Bearish Scenario: A break below $245 would shift bias to the $241.9 and $233.4 supports.
Quick Take
GOOGL is in a healthy consolidation after a strong rally. For Sept 17, holding the $250 floor keeps the path open for a push back toward $255–$260.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage 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.