GOOGL Technical Analysis-Sep. 3Alphabet Inc.BATS:GOOGLBullBearInsightsAlphabet ripped higher off the 207.5 support zone, launching straight into 227–229 resistance with a massive breakout candle. This kind of vertical move shows aggressive buying and likely short covering. * Resistance: Price is stalling at 227–229, which lines up with prior supply. After such a sharp move, this zone is where profit-taking typically kicks in. * Support: Immediate support sits back at 220–222.5, then stronger support at 217.5, and the base of the breakout at 207.5. * Indicators: MACD flipped sharply bullish, histogram expanding. Stoch RSI is deep in overbought (near 90), suggesting the move may need to consolidate or pull back before continuation. The structure shows bulls are in control, but the chart is overextended in the short term — a consolidation or retest is likely before another leg higher. 🔍 Options / GEX Confirmation * Resistance: * Heavy call positioning at 225–227.5, aligning with the current stall zone. * Overhead walls thin out above 230, meaning if bulls clear this resistance, room opens toward 235+. * Support: * 220–222.5 has strong call wall and dealer support. * 217.5 is the next layer of structural and options-backed support. * 207.5 remains the deepest level tied to highest positive gamma support. Options flow confirms the same setup: bulls control momentum, but 227–229 is a heavy ceiling until volume pushes through. 🎯 Trade Scenarios * Bullish: Hold above 222.5–220 and break through 229 with volume → upside targets 235 → 240. * Bearish: Rejection at 227–229 with a breakdown under 222.5 → downside targets 217.5 → 207.5. GOOGL’s breakout is impressive, showing strong institutional buying. But the stock is now pressing into major resistance at 227–229, where consolidation or a pullback is likely. If bulls can defend 220+ on any dip, the chart sets up for another leg higher toward 235–240. If not, the rally risks fading back to 217.5 or even 207.5 before stabilizing.