Alphabet progresses and returns to the average at 200 sessions
Strong increase of 7.26% on Thursday in Alphabet, which managed to break above the short-term resistance of $105.10.
The Nasdaq company managed to exceed the average of 200 sessions, which had not happened since April of last year. It is important to keep in mind that the bullish gap left on Thursday must be added to the gap left on January 20th. These two unfilled gaps are a The current strength of buying, which no doubt makes us seriously consider a change in trend.
After a one-time correction, like the one recorded today after the earnings release, we do not rule out an extension of the gains to the $123 level. The first level of support is located at $105, the price where the 200-session average is found.