GOOGL Approaching Key Resistance! Trade Setups for Feb. 20Technical 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.
