Google has recently broken out of a prolonged consolidation phase, marking a significant change in its stock performance since the company's highly successful IPO in 2004.

This latest market breakout suggests possibly aiming for the significant milestone of $200.

Alphabet Inc Class A has moved up 83% and broken free from a long phase of consolidation, marking its second breakout in more than two years. This is an interesting point for the stock, considering its consistent uptrend since its IPO in 2004, where we saw its stock soar by over 6000%, hitting a record $150 in November 2021.

This climb to the top showcases Google's continuous innovation and dominance in the market. However, like many leading stocks, Google's momentum slowed, leading to a period of consolidation.

For the past two years, the stock fluctuated between $83 and $150, a time filled with investor anticipation and speculation. There was a brief breakout in January 2024, but the stock price quickly fell back into its previous range.

The decline brought the stock near its 200 daily simple moving average around $133, a critical support level, which reignited buying interest and pushed the stock out of stagnation.

The current market breakout warrants a dose of cautious optimism. Given the market's inherent unpredictability, overlooking the possibility of a false breakout would be naive. That said, if Google manages to keep its stock price from falling below its recent lows and continues to set higher lows, it might signal a move out of its long-standing consolidation phase.

This could be the precursor to a lasting, strong bullish trend. As we look forward, if this breakout holds and a new trend firmly takes root, investors might aim for the significant milestone of $200. This figure not only represents a substantial psychological hurdle but overcoming it could further affirm Google's dominance in the market.

The possibility of embarking on another prolonged bullish journey, akin to the one that lasted 17 years before the recent period of consolidation, is an enticing scenario for investors. Those who've remained patient through the recent period of volatility and uncertainty may be well-placed to capitalize on this emerging trend.

After the closing bell on Wednesday, April 3, the stock closed at $154.92, trading up by 0.23%.