Google Offers Buy Opportunities
Alphabet (GOOG) experienced a significant decline of 13.8% to $131.32 from January 31 to March 5, breaching below crucial support levels and indicating potential further downside. However, in the past two weeks, its shares have rebounded, surpassing the support at $140.54. This rebound is a positive sign, suggesting strong upside potential.
In January, I bought Google stocks at $142.00, and the trade was closed at a profit. Now, with the opportunity to purchase it at a lower price of $141.00 per share, I see an even greater likelihood of reaching the target price of $155.00. To manage risk, I will set a stop-loss at $129.00, aligning with the low observed in March.
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