Asset Watch
Thursday, April 4, 2024
Trendline support drew near the 2023 lows held in October and December 2023, as well as February 2024. Therefore, if the stock can stay above the $146 area, the bullish uptrend should remain intact.
Similarly, the 50-day moving average (the blue line) is not far behind near $144, and the metric is a solid indicator of medium-term momentum. As a result, owning the stock if both hold remains a prudent approach.
So, will Treasury tremors shake Alphabet, or does the stock sport a rock-solid foundation?