Alphabet (GOOG) Forms Bull Flag

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Alphabet’s recent price action suggests a brief consolidation phase following a powerful uptrend. After a sustained advance through late summer, price has developed a bull flag pattern — a downward-sloping channel (highlighted in blue) forming just below recent highs, often seen as a continuation setup within strong trends.

The 50-day SMA (blue) continues to rise sharply above the 200-day SMA (red), confirming the broader bullish structure. Price remains comfortably above both moving averages, reinforcing underlying strength despite short-term pullback behavior.

Momentum indicators show mixed signals typical of consolidation:

The MACD has flattened slightly, with the signal lines converging but still holding in positive territory, indicating a temporary slowdown rather than a full reversal.

The RSI (14) has eased from overbought levels to around 63, suggesting that buying pressure has cooled but remains generally supportive of the trend.

Overall, Alphabet’s chart maintains a constructive technical setup. The bull flag pattern, combined with rising moving averages and resilient momentum, indicates that the broader uptrend remains intact pending a confirmed breakout from the consolidation channel.

-MW

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