Alphabet

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>GOOGL stock price is trading in an uptrend and is trying to hit $150.</a></li>
 <li><span>2</span> <a>Buyers are looking strong and have retained the momentum in the past sessions.</a></li>
</ul>
<p>Alphabet Inc. (NASDAQ: GOOGL) GOOGL stock price showed a rising parallel channel and persisted in forming higher highs and recapturing the gains in the past sessions. Moreover, the price action shows buyers have attained momentum and are willing to reach $150. Furthermore, the buying interest was witnessed in the past sessions, which shows a positive outlook for the upcoming sessions. GOOGL stock price has filled the gap near $125 and pulled back, resuming the uptrend. Moreover, the chart indicates that the GOOGL stock price has smashed through the 20-day EMA and is looking to surpass the barrier of $135, the immediate resistance zone.</p>
<p>GOOGL stock price was in the bull trajectory and held the gains decisively amid the negative cues. Moreover, the bulls have attained momentum and protected the swing low of $120 near the channel lower trendline, which sellers tried to break. As per the options chain, at the strike price of $129, a massive open interest of 5404 hundred shares signifies a strong support zone, whereas, at the strike price of $135, an open interest of 9063 hundred shares indicates a strong resistance zone. Furthermore, the call writer did not permit the bulls to escape the zone till this week’s expiry, and GOOGL stock might face rejection from the 20-day EMA in the upcoming sessions.</p>
<p>At the press time, GOOGL stock price is trading at $132.43 with an intraday drop of 1.30%, showing rejection from the 20-day EMA in yesterday’s session. Moreover, the trading volume increased by 0.67% to 23.98 Million, and the market cap is $1.676 Trillion. However, analysts maintained a buy rating with a yearly target price of $150.51, which suggests a strong growth outlook for the upcoming sessions.</p>
<p>Alphabet, Inc. engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products. It operates under the Google Services and Google Cloud segments. The Google Services segment includes ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-will-googl-stock-reach-150-this-month-strong"><strong>Will GOOGL Stock Reach $150 this Month?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh3.googleusercontent.com/6-Vymu4FYI0nJMl93SWaS0PoiBPr0MEj6LRIFswQiZbEYvnIUYBqYS-mNxay8lHsufeuxm7xyeQLZEbIomEdiA_Bnm13HTlAL_Wjr-AUtrVV11hwydGEZ3SgbjRjBlJxMYeK-rJF9SejCnBWhbEBtLc" alt="GOOGL Stock Price Preparing to Reach $150, Will Bulls Succeed?">
  <figcaption class="wp-element-caption">
   Source: GOOGL Stock Price Chart At TradingView
  </figcaption>
 </figure>
</div>
<p>On the daily charts, GOOGL stock price persisted in an uptrend and held the gains decisively amid the bearish market sentiments. Moreover, due to the bearish market <a href="https://www.thecoinrepublic.com/2023/09/26/is-googles-misleading-case-hitting-the-goog-share-price-badly/" rel="noopener noreferrer nofollow">GOOGL stock</a> is waiting for a blast and is hovering near $150. Furthermore, if the market recovers, GOOGL stock will be the first to skyrocket and may touch a high of $200 soon.&nbsp;</p>
<p>The RSI curve stayed near neutrality and pulled back from the seller region, showing a bullish divergence on the charts. MACD shows a bearish crossover and formed red bars on the histogram, highlighting volatility.</p>
<h4 class="wp-block-heading"><strong>Summary&nbsp;</strong></h4>
<p>GOOGL stock is in an uptrend, and buyers have persisted in accumulating the stock and were looking to reach $150. Moreover, the chart highlights the bulls’ dominance and suggests a significant upside to the upper trajectory swing of $200 in the upcoming sessions. However, bulls must surpass the immediate swing hurdle of $150 to extend the buying momentum.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support Levels: $125 and $110</p>
<p>Resistance Levels: $150 and $170</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

GOOGL Stock Price Preparing to Reach $150, Will Bulls Succeed?

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Thecoinrepublic.com

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