Saad Ullah
⬤ Alphabet Inc. is trading in a tightening range after its strong run earlier this quarter. The stock isn't reversing—it's just taking a breather. According to @JohnTradesMBA, the current setup suggests a possible move toward $320 if the stock breaks out of this compression zone. Right now, GOOGL is sitting just above $300, with volatility notably lower as the range gets tighter.
⬤ The daily chart shows Alphabet forming what technicians call a symmetrical wedge—basically, rising support from below and falling resistance from above are squeezing the price. This pattern showed up after a solid rally from October lows, which tells us the stock is consolidating within an uptrend rather than topping out. Price keeps bouncing off that upward support line, while the lower highs show things are getting tighter as neither buyers nor sellers are pushing hard.
⬤ Since October, Alphabet has been making higher lows—a classic sign of underlying strength. Recent trading sessions have been pretty quiet with small daily ranges and not much follow-through in either direction. That kind of action often happens right before a stock makes its next big move. The chart setup points to a potential breakout scenario targeting that $320 zone if the stock clears the upper wedge line. Keep in mind, this is still just a setup—nothing's confirmed yet.
⬤ This matters beyond just one stock. Alphabet is a major player in tech and the broader market, so what happens here could signal where other mega-cap names are headed. A clean breakout would suggest renewed momentum in big tech stocks. On the flip side, if the stock breaks below that rising support, the whole setup falls apart and traders will start looking at lower price levels. For now, it's a waiting game—the next move will likely set the tone for the short term.
Saad Ullah
