GOOGL Forms Cup with Handle, Nears 377.65 Buy Point

Posted on by Eben@CANSLIM Research
GOOGL daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY — CANSLIM Research
Eben@CANSLIM Research's avatarEben@CANSLIM Research

Alphabet (GOOGL) is consolidating in a 13-week Cup with Handle base, with the handle currently resolving near its 377.65 pivot. The stock remains in a Stage 2 uptrend, holding above a rising 30-week moving average, though it has slipped below its 50-day MA. Overall sentiment is constructive but awaiting a confirmed breakout above the pivot to trigger a fresh buy signal.

Technical Analysis

As of 2026-08-14 · Close $345.9

Stage Analysis

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 1.29%)

Detected Patterns — What the Market Is Watching

  • Cup with Handle — depth 21.0%, length 13 weeks, pivot $377.65. Base formed from 2026-05-13 (left-side high) to 2026-08-04, with the low of $317.69 set on 2026-07-23
  • Handle: formed from 2026-08-04 (high $377.65) to 2026-08-12 (low $343.54) — a 9.0% pullback

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