Eseandre Mordi
⬤ Alphabet's shares keep rising within their long term climb and now change hands above $318 with momentum intact. The 100-week simple moving average has served as a reliable place to buy each time the market drops - analysts expect that any retreat to that price level will again give patient investors a sound place to open or add holdings.
⬤ The chart shows decades of steady gains - each peak and each low stands higher than the one before, all underpinned by the ascending 100-week line. After a sideways stretch through 2022 plus 2023, GOOGL broke upward and set new record highs. The technical read points to a move toward the $500 area during the next two years - the weekly pattern shows no sign of collapse.
⬤ Momentum stays firm. The quote sits well above its long term average and buyers return after every mild slip. The broad trend says Alphabet's price benefits from durable growth drivers - the chart reveals no large warning. As long as that long term support line holds, the outlook stays bright.
⬤ This carries weight because Alphabet belongs to the tech giants that often foreshadow the market's direction. A run to $500 would boost faith in large cap growth names and confirm strength across tech. If the price later retests the 100-week line, that moment will test whether the multi year advance still has life.
Eseandre Mordi
