GOOGLE Repeating 2024 pattern and eyes $197.00

Alphabet Inc. (GOOG) has established a Channel Up pattern since the (near) 1W MA200 (orange trend-line) rebound. With the 1D MA50 (blue trend-line) now acting as a Support, this pattern resembles the Channel Up formations that emerged in 2024.

Both in terms of 1W RSI and pure price action alike, we are in a similar consolidation level as November and April 2024. Both patterns peaked after similar rallies (+40.60% and +46.23% respectively), so the minimum Target we are expecting on the medium-term is $197.00.

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