Jul. 29 at 8:37 PM
$GOOGL
GOOGL is showing a strong bounce from the 317.32–320.80 support zone, but the overall trend remains bearish on the daily chart. The recent rally appears to be a relief bounce, not yet a confirmed trend reversal. Price is now testing 336.40, which is the key decision level.
Technical Summary
* Strong buying pressure appeared near 317.32–320.80.
* RSI has recovered from oversold, showing improving momentum.
* Wait for confirmation rather than anticipating the next move.
Bullish Plan
* Price closes above 336.40 with strong volume.
* The breakout is followed by a successful retest that holds as support.
* Momentum and volume continue to strengthen.
Bullish Targets
1. 350.14
2. 359.26
3. 373.95
4. 390.67 (stretch target)
If price cannot hold above 336.40 after the breakout, avoid chasing the move
Bearish Plan
Consider puts if:
* Price rejects 336.40 and sellers regain control.
* Support at 320.80 fails on strong volume.
Bearish Targets
1. 317.32
2. 295.96
