$GOOGL reversal puts it back on watch...
$GOOGL has been one of the cleaner AI setups on my watchlist.
The $316 area on 7/26 looked like a true capitulation move rather than heavy distribution.
Volume showed panic selling, but buyers quickly stepped in and defended the zone.
Since then, the stock has bounced roughly 16%, confirming that demand was waiting below.
From a technical perspective, the wave structure is improving, with the next areas I’m watching around $408 and potentially $450 if momentum continues.
Short interest could remain a catalyst, but price still needs to prove itself.
Market is moving. Still waiting for confirmation?
Let's see how it closes.
