GOOGL Poised for a Breakout! Key Gamma Levels Driving the Next Move 🚀
Technical Analysis & GEX Insights
GOOGL has been grinding higher after finding support around the 185–186 zone and holding the bullish recovery trend. Price is now consolidating just under 195, setting the stage for a potential breakout toward 200+ if momentum persists.
From the GEX (Gamma Exposure) perspective, the highest positive Net GEX & major CALL resistance wall sits around 200, which also aligns with a big liquidity magnet for option dealers. If price can clear and hold above 195–197, dealer hedging could accelerate upside moves toward that 200–202.5 target.
On the downside, the HVL (High Volume Level) support sits around 185, with additional PUT support at 182.5. Losing this level could quickly invite selling pressure back toward 175.
15-Minute Chart View (Short-Term Setup) Short-term trend remains constructive, but buyers need to hold 192.5–193 intraday to keep the upward bias intact. A break below 192 could trigger a quick retest of 190–189, while sustained strength above 195 opens the path to 197–200 in the coming sessions.
My Thoughts & Suggestions Based on GEX
* Bullish Scenario: Above 197, consider 195/200 call spreads or straight calls with short-dated expiries for momentum.
* Bearish Scenario: Failure at 195–197 could provide a short scalp opportunity back toward 192–190; consider small put positions or debit spreads targeting 190–188.
* Neutral/Wait Mode: If price chops between 192–195 without clear volume expansion, better to wait for a decisive break.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves significant risk, and you should always do your own research and manage risk appropriately before entering any position.
Technical Analysis & GEX Insights
GOOGL has been grinding higher after finding support around the 185–186 zone and holding the bullish recovery trend. Price is now consolidating just under 195, setting the stage for a potential breakout toward 200+ if momentum persists.
From the GEX (Gamma Exposure) perspective, the highest positive Net GEX & major CALL resistance wall sits around 200, which also aligns with a big liquidity magnet for option dealers. If price can clear and hold above 195–197, dealer hedging could accelerate upside moves toward that 200–202.5 target.
On the downside, the HVL (High Volume Level) support sits around 185, with additional PUT support at 182.5. Losing this level could quickly invite selling pressure back toward 175.
15-Minute Chart View (Short-Term Setup) Short-term trend remains constructive, but buyers need to hold 192.5–193 intraday to keep the upward bias intact. A break below 192 could trigger a quick retest of 190–189, while sustained strength above 195 opens the path to 197–200 in the coming sessions.
My Thoughts & Suggestions Based on GEX
* Bullish Scenario: Above 197, consider 195/200 call spreads or straight calls with short-dated expiries for momentum.
* Bearish Scenario: Failure at 195–197 could provide a short scalp opportunity back toward 192–190; consider small put positions or debit spreads targeting 190–188.
* Neutral/Wait Mode: If price chops between 192–195 without clear volume expansion, better to wait for a decisive break.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves significant risk, and you should always do your own research and manage risk appropriately before entering any position.
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.