Alphabet Inc. has demonstrated remarkable resilience in 2024 with a gain of 31%. This performance comes despite navigating a complex economic environment and regulatory challenges.
The technical analysis indicates Google has established a 'Channel Up' pattern, showing consistent upward momentum since hitting a low in October 2022. The upcoming target price is $235 by end of Q1 2025.
Jon Markman highlights that Google’s stock is currently exhibiting strong bullish momentum, breaking above key resistance levels while sustaining its position above critical moving averages.
Recent indicators such as the 'MACD Bullish Cross' signal a positive future trajectory for Alphabet Inc., reflecting confidence in achieving significant price gains beyond current levels.
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