Saad Ullah
⬤ Alphabet Inc. (GOOGL) kept climbing after bouncing hard from the Blue Box support zone—a critical area where Elliott Wave watchers expected buying pressure to kick back in. The stock has now pushed to new all-time highs, which confirms the bullish momentum is alive and well within the current wave pattern.
⬤ The chart reveals a clean Elliott Wave setup, showing both impulsive moves and corrective pullbacks that have shaped the stock's path in recent months. Since leaving the Blue Box, GOOGL has gained more than 40%, matching up with the Right Side signal that appeared on the chart. The structure still looks bullish, with the next upside target sitting near $340. The wave labels—((1)), ((2)), ((3)), ((4))—and the current leg suggest more upside once any short-term pause wraps up.
⬤ The forecast hints at a possible dip into the lower part of the corrective zone before the next leg up begins, which fits the ongoing bullish cycle. The invalidation level sits way down at $162.05, well below where the stock trades now, which shows just how strong the current structure really is.
⬤ GOOGL's performance stands out in a tech market that's been holding up well. The Elliott Wave pattern staying bullish suggests momentum should keep going, and the projected move toward $340 puts Alphabet right up there with the top performers in large-cap tech as the sector continues to look optimistic.
Saad Ullah
