Alphabet's Got Game: MJ Breaks Down Google's Championship Comeback

Is GOOGL About to Slam Dunk?

Alright alright settle down. It's MJ here and I'm not just talking basketball today. I'm looking at Alphabet ticker GOOGL for those of you keeping score at home and things are looking...shall we say...*championship worthy.* You see all these other tech stocks out there bricking shots left and right? GOOGL is starting to separate itself from the pack. That move above the 200 day moving average? That's like hitting a fadeaway over the outstretched arms of Mutombo. Textbook baby! This ain't luck this is execution! As I always say “You have to expect things of yourself before you can do them.” And right now GOOGL is expecting a whole lot from itself.

April Lows Championship Growths

Let’s rewind a bit. Back in April GOOGL was down but never out. It hit an oversold condition like me after playing 48 minutes in Game 6. But it bounced back retesting that key support from May. Those lows? They showed us the downside was limited. Think of it like this: even the best players have bad games. But they always come back stronger. Remember when the Bulls lost to Orlando in '95? We came back the next year and dominated. GOOGL is showing that same killer instinct.

Higher Highs Higher Stakes

Over the past couple weeks Alphabet has been making higher highs and higher lows. That's not just good folks that's *domination*. This is not a fluke it is like back to back championships baby! Popping above the 50 day moving average earlier this month was just the warm up. Now back above the 200 day moving average? That's like me hitting six three pointers in the first half of Game 1 of the '92 Finals. Unstoppable. The key now is holding that line like holding a defender off on the way to the rim. Don't lose focus.

Volume Speaks Louder Than Trash Talk

What tells me GOOGL can keep this up? Volume baby! Increased volume is like the roar of the crowd when I'm driving to the basket. The On Balance Volume indicator is trending higher showing strong volume on up days. That's money flowing in not out. The Chaikin Money Flow indicator staying above zero? That’s like Phil Jackson calling the right play at the right time. It confirms GOOGL is in an accumulation phase. Translation: people are buying and they ain't scared. We need to see that OBV keep climbing and CMF staying above zero. More buyers mean higher prices. Simple as that.

The Inverted Head and Shoulders: A Hall of Fame Pattern

Let’s talk patterns. GOOGL is showing a classic inverted head and shoulders pattern. Now I know what you're thinking: "MJ you know about stock patterns?" Hey I know a winning formation when I see one whether it's on the court or on a chart. This pattern points to an upside target near the all time high from February 2025. Before the April low we saw lower highs and lower lows. But then that higher low in May with less negative momentum suggested something was brewing. The key was breaking above that "neckline," like me breaking ankles on Bryon Russell in '97. GOOGL did that completing the pattern. That means we're looking at a minimum upside objective of around $197. Get your popcorn ready.

To Infinity and Beyond GOOGL Edition!

So what does all this mean? It means GOOGL is looking good. While other stocks are stalling GOOGL is breaking out. The upside potential? Huge like my will to win. As long as the momentum and volume keep up we could see GOOGL go even higher. We are talking about a search and cloud powerhouse after all. Just remember what I always say: “Talent wins games but teamwork and intelligence win championships.” GOOGL is showing talent teamwork and intelligence. The future is bright…but stay focused.