Alphabet (GOOGL) has continued to trade well within its ongoing bullish impulse structure, building on the strong trend we first highlighted back on September 18 and continued into late November.
Since that early bullish extension call, price momentum has held firm. The stock has advanced as expected within a five-wave Elliott Wave framework, and the broader trend remains very constructive for further gains.
After the recent correction phase, which respected key support levels, the market structure suggests that Wave 5 may now be developing, pointing to fresh upside potential. The corrective lows have acted as reliable support, validating the bullish count and keeping the overall uptrend intact.
As long as the price continues to hold above critical support areas, the trend favors continuation, and further upward movement can be expected within the current impulse cycle.
Highlights:
Trend: Strong uptrend (Unfolding five-wave bullish impulse)
Support: 295 – 270
Invalidation: Below 200
Note: Wave 5 in progress
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