📰 Alphabet (GOOGL) Eyes Moderate Rally Above $180 Cup Handle Despite Market Concerns

📅 Jul 18, 2025, 16:37 EDT | 🔗 Source: Dow Jones Newswires

🧠 Summary

Alphabet (GOOGL) shows technical strength above $180, aiming to fill a gap near $200 despite previous failed breakouts and market concerns, indicating cautious optimism for a moderate rally in the near term.

💡 Why this signal?

  • Alphabet is trading just above a cup-with-handle formation around $180, signaling potential upside toward $200 despite past failed breakouts.
  • The stock holds major weight in sector funds, providing underlying support, though market concerns imply cautious momentum rather than a strong surge.
  • Competitive internet stocks like DoorDash and Reddit are gaining investor favor, slightly limiting Alphabet’s upside as they post stronger recent gains.

📈 GOOGL Price Trend

⏱️ Impact Timing
as soon as the news is out
👥 Competitor Impact
  • ➡️ NFLX: sell
  • ➡️ DASH: buy
  • ➡️ REDDIT: buy
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