GOOGL Breaking Out Again? Key Levels This Week

Weekly timeframe:

GOOGL is in one of the strongest momentum runs in the market right now. Price just pushed above the previous weekly resistance around 315 and is now trading in open space with very little historical supply until the 325–330 zone. The weekly structure is still a clean higher-high, higher-low sequence with strong trend continuation. As long as price holds above 295, this weekly bullish trend remains intact. The only concern here is the speed of the move — this candle is extended and approaching the upper channel line, which often leads to a short-term pullback before continuation.

Daily timeframe:


The daily chart shows a clear breakout from the rising channel after a BOS move and retest. Buyers defended the 300 area multiple times, creating a strong demand zone below. Current price is sitting inside a small supply zone around 320–327, which has potential to reject short-term, especially after a fast run. If buyers maintain control above 310, continuation toward 330 is likely. A rejection back under 310 opens the door toward 300–295 demand for a healthier pullback.

1-hour timeframe:


Short-term momentum still favors upside, but price looks stretched. The last push created a BOS into supply, and volume is slowing. If 315 holds as intraday support, we could see another attempt toward 325–330. If 315 fails, watch 310 first, then 305 for deeper retracement levels.

GEX sentiment:


Options positioning is supporting the bullish scenario. The highest positive GEX levels sit around 320–330, acting as a magnet. Below, the strongest put support sits near 295. This creates a favored range between 310 and 325 for the short term. As long as price stays above 310, market makers have incentive to keep price elevated.

My thoughts:
GOOGL remains one of the cleanest trending names right now. The weekly structure suggests continuation, but the lower timeframes show exhaustion. Best opportunities likely come from pullbacks rather than chasing highs. Watching for either a breakout retest above 320 or a dip toward 310 for a higher low setup.
Conclusion:
Bullish overall trend
Upside target 325–330
Support zone 310–305
Major support 295

Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.