- Alphabet stock rallies from $148 support to a $167.50 peak before facing selling pressure and pulling back to $163.72 levels.
- GOOG maintains strength above key supports despite a sharp pullback after reaching its highest level between April 7 and April 25, 2025.
- Trading patterns highlight sharp recoveries, swift pullbacks, and critical buying opportunities at $148 and $152 support zones.
Over the last two weeks, Alphabet Inc. (GOOG) has seen price fluctuations, exhibiting volatility over a crucial trading range. The stock is currently trading at $163.72, down 0.02% from the last close. The price fluctuated between $163.60 and $163.83 after opening at $163.73.. Despite today’s minor pullback, Alphabet maintains strength well above key support zones identified earlier this month.
The 30-minute chart from IncomeSharks on TradingView highlights activity between April 7 and April 25, 2025. Besides, it shows a well-defined trading structure with sharp recoveries and equally swift pullbacks. The overall price range for Alphabet during this period extended from $144 to a peak of $167.50.
Recovery Sparks Momentum Above Key Support Levels
Initially, Alphabet stock declined from around $150 to $144 by early April, triggering concern among investors. However, a sharp rebound followed, pushing prices above $160 by April 10. Consequently, the bullish momentum propelled the stock to a local high of $163 on April 11 before another correction to $158.
Moreover, the price experienced a deeper pullback to $152 by mid-April. Two horizontal blue support lines at $148 and $152 offered critical buying opportunities. A green upward arrow from the $148 support signaled a turnaround, confirmed by a steady rally through April 22-23.
Hence, the stock surged to a peak of $167.50 on April 24, its highest point during this timeframe. The embedded tweet from IncomeSharks on April 21 mentioned “higher gaps” and a “Turn Around Tuesday,” hinting at this exact movement. Additionally, trading volume supported this rally, further validating the bullish setup.
Selling Pressure Emerges After Hitting New Highs
However, after touching $167.50, Alphabet faced selling pressure. Several red candles on the chart reflect the ensuing pullback to the current level. A blue arrow annotated “Selling here” clearly marks this reversal zone, underlining traders’ shift in sentiment.
Besides, multiple lower gaps created during the rally now suggest potential downside risks. Hence, IncomeSharks decided to sell holdings, aiming to protect gains. Despite the recent retreat, Alphabet remains above critical support areas, preserving its broader bullish structure.
