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Alphabet Stock Chart Analysis: Trend Lines

Shares of Alphabet Inc (GOOGL) are hitting new all-time highs with the rest of the stock market. However, after Alphabet stock chart analysis, there is a solid reason why it may stall here. There is an epic trend line stretching back to 2017. If you connect that pivot high to the high in 2018, 2019, February 2020, there is a perfect trend line. These long term trend lines are extremely powerful. The current price of Alphabet is right back into that same level. After each hit of this trend line the stock has pulled back significantly. Alphabet stock chart analysis clearly shows resistance here. They big question is, in this insane market can a pull back of significance occur.

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