Alphabet Inc. (GOOG) stock price extended its gains in its latest intraday trading, after breaking out of a positive technical pattern formed in the short term, represented by a falling wedge. The price is driven by positive signals emerging from the Stochastic indicator, as the stocks latest rise succeeded in moving above the resistance of its 50-day SMA, thereby overcoming its negative pressure and signaling a recovery in the coming period.

Therefore we expect the stock price to rise during its upcoming trading sessions, as long as it remains stable above support at $297.45, targeting the key resistance level at $338.00 as a price target for the formed falling wedge pattern.

Todays price forecast: Bullish