Thoughts on $GOOGL's recent range and 335.84
Been watching $GOOGL pretty closely this week, particularly with the overall market choppiness. It's been range-bound for a bit now, consolidating after that earlier move up. Today's low of 335.84, which held, seems interesting.
From a technical perspective, that 335-336 zone looks like it's developing into a pretty critical short-term support. We've seen a few bounces off that area recently. If it can maintain above that, then the path of least resistance might be for a retest of the upper end of its current range, maybe towards 345.57, which was the high today. The risk to that scenario, in my view, would be a sustained break below 335.84. If we start seeing closes or significant intraday action below that level, it would invalidate the current support thesis and suggest a deeper retracement could be on the cards. Just my observations, nothing more.