GOOGL Approaching Key Resistance! Trade Setups for Feb. 20
Technical Analysis (TA) Overview
GOOGL is trading near 185, recovering from a recent pullback. The stock is consolidating and approaching resistance at 187.50, which aligns with a key call wall level.
📌 Key Support & Resistance Levels:
* Resistance: 187.50 (GEX Call Wall), 190 (major breakout level)
* Support: 183.77, 181.80 (key demand zone), 180 (major put support)
📌 Indicators:
* MACD: Slightly bullish but momentum is weak, indicating indecision.
* Stoch RSI: Overbought (89.73), signaling potential for a short-term pullback.
* Volume Profile: High trading activity around 185-186, meaning price may stall at this level.
Gamma Exposure (GEX) & Options Sentiment
🔹 Call Walls (Resistance):
* 187.50: Strong call resistance, meaning upside could stall here.
* 190: Highest call resistance—unlikely to break without a strong catalyst.
🔹 Put Walls (Support):
* 180: Heavy put positioning—likely strong support on any dip.
* 175-177.50: Deeper put levels, meaning a break below 180 could accelerate downside.
🔹 Options Sentiment:
* IVR: 18.4 (low volatility—potential for a breakout if volume spikes).
* Call Open Interest: 14.4% – Bearish bias in options positioning.
Trade Scenarios for Tomorrow
✅ Bullish Setup:
* If GOOGL breaks 186-187.50, expect a push toward 190.
* Ideal entry: Above 186, stop-loss below 185.
* Profit targets: 187.50, 190.
❌ Bearish Setup:
* If GOOGL fails at 187 and breaks below 185, expect a move toward 183-180.
* Ideal entry: Below 185, stop-loss above 187.50.
* Profit targets: 183, 181.80, 180.
Probability Estimate for GOOGL’s Next Move: Bullish Move Above 187.50 (Targets 190)
Scenario Probability (%): 45%
Reasoning: GOOGL is approaching a strong call wall at 187.50.
• Momentum is weak, so a breakout is possible but needs high volume. | | Choppy/Sideways (Range 183-187.50) | 35% | - Volume profile shows major activity around 185, meaning price could consolidate.
* Low IVR suggests a lack of strong movement unless a catalyst appears. | | Bearish Breakdown Below 185 (Targets 183-180) | 20% | - Stoch RSI is overbought, indicating some downside risk.
* If selling pressure increases, 183-180 becomes the next demand zone. |
Final Thoughts
* GOOGL needs to break 187.50 for upside toward 190.
* Failure at 187.50 likely leads to sideways movement or a rejection back to 183-180.
* Low IVR means options are cheap, but also suggests lower volatility.
🔹 Best Trading Plan:
* Bullish Play: Look for a breakout above 186-187.50 → target 190.
* Bearish Play: Watch for rejection at 187.50 or break below 185 → target 183-180.
🚨 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and trade with proper risk management.
GOOGL is trading near 185, recovering from a recent pullback. The stock is consolidating and approaching resistance at 187.50, which aligns with a key call wall level.
📌 Key Support & Resistance Levels:
* Resistance: 187.50 (GEX Call Wall), 190 (major breakout level)
* Support: 183.77, 181.80 (key demand zone), 180 (major put support)
📌 Indicators:
* MACD: Slightly bullish but momentum is weak, indicating indecision.
* Stoch RSI: Overbought (89.73), signaling potential for a short-term pullback.
* Volume Profile: High trading activity around 185-186, meaning price may stall at this level.
Gamma Exposure (GEX) & Options Sentiment
🔹 Call Walls (Resistance):
* 187.50: Strong call resistance, meaning upside could stall here.
* 190: Highest call resistance—unlikely to break without a strong catalyst.
🔹 Put Walls (Support):
* 180: Heavy put positioning—likely strong support on any dip.
* 175-177.50: Deeper put levels, meaning a break below 180 could accelerate downside.
🔹 Options Sentiment:
* IVR: 18.4 (low volatility—potential for a breakout if volume spikes).
* Call Open Interest: 14.4% – Bearish bias in options positioning.
Trade Scenarios for Tomorrow
✅ Bullish Setup:
* If GOOGL breaks 186-187.50, expect a push toward 190.
* Ideal entry: Above 186, stop-loss below 185.
* Profit targets: 187.50, 190.
❌ Bearish Setup:
* If GOOGL fails at 187 and breaks below 185, expect a move toward 183-180.
* Ideal entry: Below 185, stop-loss above 187.50.
* Profit targets: 183, 181.80, 180.
Probability Estimate for GOOGL’s Next Move: Bullish Move Above 187.50 (Targets 190)
Scenario Probability (%): 45%
Reasoning: GOOGL is approaching a strong call wall at 187.50.
• Momentum is weak, so a breakout is possible but needs high volume. | | Choppy/Sideways (Range 183-187.50) | 35% | - Volume profile shows major activity around 185, meaning price could consolidate.
* Low IVR suggests a lack of strong movement unless a catalyst appears. | | Bearish Breakdown Below 185 (Targets 183-180) | 20% | - Stoch RSI is overbought, indicating some downside risk.
* If selling pressure increases, 183-180 becomes the next demand zone. |
Final Thoughts
* GOOGL needs to break 187.50 for upside toward 190.
* Failure at 187.50 likely leads to sideways movement or a rejection back to 183-180.
* Low IVR means options are cheap, but also suggests lower volatility.
🔹 Best Trading Plan:
* Bullish Play: Look for a breakout above 186-187.50 → target 190.
* Bearish Play: Watch for rejection at 187.50 or break below 185 → target 183-180.
🚨 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and trade with proper risk management.
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.