Google Could Score 17%
Alphabet (GOOG) remains in a prolonged corrective phase, having lost 30% of its value between February and April, reaching a low of $142.40. However, the stock staged a strong rebound in May, climbing back to $170 and briefly hitting $177.80 per share. Despite the recent recovery, further upside remains possible, supported by two key technical setups.
First, the stock has moved above the midpoint of its ascending channel, which opens a path toward the channel's resistance near $200. Second, an inverted head and shoulders pattern has formed, reinforcing the same $200 target. These technical indicators suggest that bullish momentum may continue if key levels hold.
The $165–170 range offers an attractive entry point for buyers. The upside target lies at $195–200, while a stop loss should be considered at $138 to manage downside risk.
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