GOOGL Stock: Cautiously Bullish

The time has come to review Alphabet Inc (NASDAQ: GOOGL) stock once again because Alphabet stock has failed to make any headway in recent months. This is not necessarily a bad thing, but it is always wise to frequently review investments and make sure nothing has changed. This is especially true if your bullish view on this investment was generated using the Google stock chart.

Yes, that is correct. I am bullish on Alphabet stock because the price action on the stock chart warrants this view. I analyze the merits of an investment using technical analysis, which is a method of investment analysis that is based on the notion that historical price and volume data can be used to forecast the future direction a stock is heading in.

I am bullish on GOOGL stock, but there are a few metrics and price patterns that need to be watched. Before I delve into these metrics, I will outline the main reason why I am bullish on Google stock.

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Author's Bio: 

Patrick Brik is a research analyst and editor at Lombardi Financial. His investment philosophy is based on merging fundamental and technical analysis in an effort to produce timely and actionable investment ideas.