GOOGL Bearish Continuation Below 328.50 Ahead Alphabet Inc. Class ABATS:GOOGLAlawan11Alphabet (GOOGL) trades near 324.58 on the 1H chart. Structure is bearish after a lower low near 316.5, though the stock closed at 316.83 on Tuesday, about 21.6% below its May record of $408.61. The idea is to sell a retest of the broken 328.50 level, with a reward-to-risk of 1:3 to TP1. Q3 earnings and the Fed decision both land today. ━━━━━━━━━━━━━━━━━━━━ FUNDAMENTAL OUTLOOK: BEARISH (SHORT-TERM) → Momentum: GOOGL is up only 1.6% in 2026 and has sold off from about 359 to about 317 since mid-October. Analysts remain positive, with a Strong Buy consensus and an average target near $427, so the weakness looks like positioning rather than a broken story. → Catalysts: Alphabet reports after the close today, with revenue expected up 25% to $127.9 billion. Last quarter it beat estimates, yet shares fell about 7% the next session as capex expectations rose. Consensus expects about $202 billion of 2026 capex, and spending guidance is the main swing factor. The Fed also decides at 2 pm ET today. In early October, futures priced nearly 98% odds of a hike by December, and higher rates hurt long-duration tech stocks. → Sentiment and seasonality: investors have been rotating out of AI stocks while rates have gone up. ━━━━━━━━━━━━━━━━━━━━ TECHNICAL ANALYSIS (1H, chart) → Structure: price made lower highs and lower lows from Oct 14 (high near 359) down to the low near 316.5. → Breakout and confirmation: price broke 340 (BMS), then 328.50 (BOS). 328.50 is now the level to retest. Confirmation is a 1H rejection candle in the 327.5–329.5 zone, with no close above 329.5. → Key levels: resistance at 328.50, 340 and 363.47. Support at 315.41, with 310 below it. ━━━━━━━━━━━━━━━━━━━━ TRADE PLAN Asset: Alphabet Class A (GOOGL / NASDAQ) Direction: Bearish / Short Timeframe: 1H Entry: 328.50 Stop loss: 332.50 Take profit: TP1 316.50, TP2 310.00 Reward-to-risk: 1:3 (TP1), 1:4.6 (TP2) ━━━━━━━━━━━━━━━━━━━━ EXPECTED SCENARIO After the earnings and Fed reaction, price bounces into 328.50, rejects, and falls to 316.50. The support at 315.41 could break if capex worries or rate-hike fears dominate, which would open 310. I’m focused on GOOGL’s short-term bearish setup while keeping a long-term outlook in mind. I use Bitget’s rToken Auto-Invest to build long-term stock positions gradually and Stock Dual Investment to explore APR-earning opportunities on eligible rTokens, depending on market conditions and my investment strategy. 1H close above 332.50 cancels the trade. A close above 340 flips the bias bullish. A strong earnings gap above 332 would also void the setup, so wait for the reaction before entering. This is an educational, not financial advice.