Watch These Alphabet Price Levels as Stock Pops After Google Antitrust Win
Key Takeaways
- Alphabet shares surged Wednesday after a federal judge ruled Google doesn’t have to sell its flagship Chrome browser, alleviating worries it could be forced to break up its business.
- The stock broke out to an all-time high from a right-angled broadening formation after Wednesday’s open, potentially setting the stage for a continuation of the longer-term uptrend.
- Bars pattern analysis forecasts a potential longer-term target of around $395 and indicates the uptrend could last until December next year.
- Investors should watch critical support levels on Alphabet’s chart near $192 and $151.
Alphabet (GOOGL) shares jumped Wednesday after a federal judge ruled Google doesn’t have to sell its flagship Chrome browser, alleviating…
