Marina Lyubimova
⬤ Alphabet's stock has rebounded after dropping into a support zone between $294 and $300. The pullback on the 45-minute chart brought GOOGL down to a low near $299.43, with an extended support level around $294.26. After stabilizing in this "blue box" area, the stock turned higher and has since climbed back above $310, suggesting the dip was a buying opportunity rather than the beginning of a larger decline.
⬤ The chart structure shows the recent drop as a completed correction, followed by an upward reaction from support. An invalidation level sits just below $296—if the price falls back through that mark, it would challenge the current bullish view. The technical setup indicates that selling isn't advisable at this stage, and the bounce from the support zone is being treated as a clean entry point for traders looking to catch the next leg higher.
⬤ Alphabet is one of the most influential tech stocks in the market. A sustained recovery from the $294-300 zone would strengthen confidence in the broader uptrend, while any slip back toward the invalidation level would raise questions about near-term momentum and overall sector health.
Marina Lyubimova
