GOOGL Near Key Levels! Scalping, Swing, and Options Plays

Scalping Analysis for GOOGL:
1. Support and Resistance Levels:
* Key support near $190 (GEX support and horizontal price level).
* Resistance at $195-$197 (Gamma resistance and call wall).
2. Key Indicators:
* 9 EMA & 21 EMA: Price is testing these EMAs, signaling potential for either a pullback or breakout.
* MACD: Neutral but showing signs of potential bullish momentum. Await confirmation.
3. Scalping Plan:
* Bullish Scenario:
* Entry: Breakout above $195 with volume.
* Target: $197, $200.
* Stop Loss: Below $194.
* Bearish Scenario:
* Entry: Breakdown below $190 or rejection at $195.
* Target: $187, $185.
* Stop Loss: Above $192 (breakdown) or $197 (rejection).

Swing/Day Trading Analysis for GOOGL:
1. Trendlines:
* GOOGL broke below its upward channel but may retest $195. Watch for a rejection or reclaim of this level.
2. GEX Analysis:
* Resistance: Strong gamma resistance at $195-$197.
* Support: Major support at $190, $187.
3. Trade Scenarios:
* Bullish Swing:
* Entry: Above $195 with strong volume or bounce from $190.
* Target: $200, $205.
* Stop Loss: Below $193.
* Bearish Swing:
* Entry: Below $190 with retest confirmation or rejection at $195.
* Target: $185, $182.
* Stop Loss: Above $192.

Options Play with GEX Insights:
1. High GEX Areas:
* Call Wall: $195, $200.
* Put Wall: $190, $185.
2. Suggested Options Strategy:
* Bullish Play:
* Buy: Jan 5th $195 Call.
* Entry: Above $195.
* Target: $197-$200.
* Stop Loss: Below $193.
* Bearish Play:
* Buy: Jan 5th $185 Put.
* Entry: Below $190.
* Target: $185-$182.
* Stop Loss: Above $192.
3. Options Oscillator Metrics:
* IVR (42.6%) suggests moderately priced premiums.
* Call bias (16.4%) indicates mild bullish sentiment but limited upside past $200.

Insights:
* GOOGL is testing critical support and resistance zones. A breakout above $195 or a breakdown below $190 will likely define the next trend.
* Volume Watch: Confirmation of volume spikes at these levels is key to validating the directional bias.

Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade responsibly and manage risk.