GOOGL pulled back into the 21 EMA on the daily and is showing a bounce.
We saw a similar reaction yesterday from the 306 demand zone, which held well.
For today, the key area to watch is the 309.60–311.42 supply zone.
A clean break and hold above this range could open the door for a solid swing setup, potentially lasting a few weeks.
The only caveat is the holiday schedule, with markets closed on Christmas Day and reduced options liquidity around that period.
If price gives a strong move before then and offers a clean 100% on the contracts, taking profits makes sense rather than forcing a hold through the holiday.
GOOGL – 21 EMA Daily bounce with 309.60–311.42 supply in focus
byu/ALPHAtradingpro inoptions
Posted by ALPHAtradingpro