Peter Smith
⬤ Alphabet Class C shares keep climbing, with GOOG hovering around $326 on the daily chart. The uptrend has been going strong since mid-2025, showing a clean pattern of higher highs and higher lows. Price action looks healthy after months of gains, showing bulls are still in control.
⬤ The current setup suggests there might be one more leg up before things cool off. The chart shows several rounded consolidation zones that popped up earlier in the rally, and each time GOOG broke out and pushed higher. The same pattern is playing out now—another rounded base just formed before the recent move toward the upper range.
⬤ Momentum indicators are looking solid too. The RSI is elevated but not stretched to extremes, which means the stock has strength without being overbought. The chart projects a move toward the $350 area, sitting above current levels and matching the top of the latest consolidation zone. Volume has been picking up during the climb, confirming the uptrend is backed by real buying interest.
⬤ This matters for the broader market since Alphabet is a heavyweight in major tech indexes. If GOOG keeps pushing higher, it adds fuel to the tech sector rally. Any pullback after this run would just be a breather rather than a trend reversal. How price reacts near $350 will likely set the tone for short-term volatility across growth stocks.
Peter Smith
