Alphabet - Weekly

Alphabet now trading at around $126.06. Remains in the strong bullish trend after its positive comments on AI over the recent weeks.

Alphabet is trading at around $126.06 a share. The key support base on the weekly timeframe sits along the white trendline at $83.40, and only a move below $99.74 could see the price fall as low as the base. There is also initial support along the green trendline at $119.29, so plenty of support for Alphabet who is riding the wave after the positive comments on AI growth. Towards the upside, minor resistance is located at $126.98. A break above this price level could open the door to $130-$135. Both the MACD and RSI are positive with the RSI reading 68.