GOOGL Sep 23 – Watching 255 Break for Fresh Upside Alphabet Inc.BATS:GOOGLBullBearInsightsPrice Action & Setup (1-Hour Chart) Alphabet is carving a rising wedge pattern and just bounced from the lower trendline near 250. Price is hovering around 253 and testing the mid-zone. A decisive hourly close above 255 would put the upper wedge trendline and the 257.5–260 zone in play. Support sits at 250, then 247.5, where a hard drop could quickly bring 245 into focus. Momentum Read MACD is recovering from a pullback and approaching a fresh crossover—constructive if confirmed. Stoch RSI is moving out of mid-range, suggesting room for a push before overbought territory. GEX (Options Flow) Confluence Options positioning is leaning constructive: * Highest positive GEX / Call resistance: near 255 * 2nd Call Wall: 257.5 with 89% call concentration * 3rd Call Wall: 262.5 * Key Put Supports: 247.5 and 245 Holding over 253 and punching through 255 would force market makers to hedge higher, creating gamma fuel toward 257.5 and 262.5. Trading Plan * Bullish setup: Buy a confirmed 255 break with volume. Target 257.5–262.5. Stop around 252. * Retest entry: Bounce from 250 support with confirmation can be a conservative add. * Bearish setup: A break below 247.5 opens room for 245 and potentially 240. Option Angle Short-dated calls in the 255–260 range are interesting if the 255 level flips to support. Bears can consider puts near 245 if breakdown plays out. Bottom Line The 255 zone is the key pivot. A breakout there can spark momentum toward 257.5–262.5. Losing 247.5 would negate the bullish setup. Disclaimer: This is for educational discussion only and not financial advice. Always do your own research and manage risk.