In May, I noted that there could be support for $GOOGL at the $1120 area, but also said that I would prefer the $1020 area for an entry. A month later, the $1120 support proved to be weak, and price action still has the $1000 area in sight.GOOGL Daily Chart(click to enlarge)Furthermore Downside:- Price rebounded from $1040 in June, but found resistance around $1125.- This showed that the market respected the 200-day simple moving average as resistance. - This price action thus suggests there could still be further downside below the current low around $1040. - I think there is a good chance price will dip towards the $1000 level before finding support.- If $1000 does not hold, $920 could be next. - However, for now, I maintain my entry order just above the $1000 mark, at $1020. - I would also maintain some dry powder around $920. I don't have an entry order there at the moment, but I will be keeping this potential entry level in mind when trading to free up dry powder if GOOGL does dip below that $985 lower-bound of the support range.GOOGL Weekly Chart(click to enlarge)