Usman Salis
⬤ Alphabet shares kept rising after bouncing perfectly from a support zone between $246 and $250. The stock broke into new highs following a corrective dip, and the technical pattern shows a clear upward sequence taking shape. Price held above the critical level near $244, which triggered the latest rally.
⬤ The stock completed a pullback around the $246–$250 area, matching the 1.618 Fibonacci extension level. That zone sparked a strong bounce, leading to a series of higher peaks and valleys that signal ongoing bullish momentum. Each minor dip has found support, showing the upward trend remains solid and intact.
⬤ With the breakout continuing, the $340 target stays on the table. As long as prices hold above key support levels, the upward structure points to more room for gains. This strength in Alphabet reflects broader momentum across major tech stocks, and traders are now watching whether the rally can push through resistance near $340.
Usman Salis
