GOOGL Breaking Out! Is This the Next Big Move?

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๐Ÿ“ˆ Technical Analysis (TA):
* Trend: GOOGL has broken out of a descending wedge pattern, signaling a potential reversal to the upside.

* Key Support Levels:
* $182.5 - $181.83 (Strong support, marked by HVL and previous price reactions)
* $175 (Critical downside level if selling pressure increases)

* Key Resistance Levels:
* $187.5 - $188.20 (Current resistance, next breakout level)
* $195 - $200 (Major supply zone and Call Resistance)

* Indicators Analysis:
* MACD shows bullish momentum as the histogram turns positive.
* Stochastic RSI is in the overbought region, indicating potential consolidation or a minor pullback before continuation.
* Volume Uptick confirms buyers stepping in at key support.

Gamma Exposure (GEX) & Options Flow:
cuplikan
* Call Resistance at $200 with a 96.33% level, indicating heavy positioning by options traders.
* Strong GEX Positive Bias, supporting a continued move upward.
* IVR at 18.1, suggesting options are moderately priced compared to historical volatility.

Trade Scenarios:
* Bullish Play:
* Entry: Above $188.20
* Targets: $195, $200
* Stop: Below $182

* Bearish Play:
* Entry: Below $181
* Target: $175
* Stop: Above $185

๐Ÿ”ฅ GOOGL is showing strength with a potential breakoutโ€”keep this stock on your radar for the next move! ๐Ÿ”ฅ

๐Ÿ“Œ Disclaimer: This analysis is for educational purposes only. Trade at your own risk!

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