GOOGL Holding the Uptrend – Is $200 Within Reach? Aug 7Alphabet Inc.BATS:GOOGLBullBearInsights📊 Technical Analysis (1H & 15M Chart) GOOGL continues to respect the ascending trendline formed from the August 1st low, bouncing cleanly from higher lows and holding above 194–195 support. On the 1H chart, MACD remains slightly bullish with histogram building positive momentum, and Stoch RSI is trying to curl back up from mid-zone — suggesting there’s still fuel for another push. Price recently tapped the 197.80 resistance area and rejected slightly, but no breakdown yet. The 15-minute chart shows consolidation just under this resistance — a breakout above 198 could trigger continuation. Key 1H Levels: * Support: 194.67 → 193.52 (prior base) * Trendline Support: Holding strong since August 1 * Resistance: 197.85 → breakout level * Target: 200 psychological + 202.5 swing fib extension 15M Intraday View: * Price is wedging into resistance — either a breakout over 198 or a rejection back to 195 expected soon. * If VWAP holds and price reclaims 197.50 quickly, bulls have a strong case to ride momentum toward $200. * If 195 breaks, momentum may unwind to 193.5–194 demand zone. 🧠 GEX & Options Sentiment Based on the GEX snapshot: * Major Call Wall sits at $200, which is also the Highest Net GEX zone. Dealers will likely hedge short if we push into that zone, causing momentum to slow down or reverse. * Clustered resistance: 197.85–200 is loaded with GEX7–GEX10 and call wall volume. * Current Price (~196.09) is sitting right under the 2nd Call Wall at 197.65 (72.65%) and 3rd Call Wall at 195.65 (29.69%). On the downside: * GEX9 at 190 is a critical support with positive net gamma, so dips to that level may get bought. * Below that, HVL at 188 and Put Walls at 185 / 182.5 could act as deeper demand zones. Options Metrics: * IVR: 21.9 → relatively cheap premiums * IVx Avg: 33.8 (IV contracting slightly, -1.11%) * Call Bias: 10.9% → bullish but not euphoric 📌 Trade Thoughts Bullish Setup (if breakout over 198): * Entry: 198.10+ * Target 1: 200 * Target 2: 202.5 * Stop: