Watch These Alphabet Price Levels as Stock Climbs to Five Month High

Stock Performance and Technical Analysis - Alphabet shares climbed to a five-month high, boosted by optimism around the company's new quantum computing chip, Willow [2] - The stock has rebounded 27% since its early September low and is trading more than 30% higher year-to-date through Tuesday's close [4] - Alphabet shares broke out above a symmetrical triangle pattern, indicating a continuation of the longer-term uptrend [5] - The relative strength index (RSI) confirms bullish price momentum with a reading above 60, suggesting room for further upside [5] Quantum Computing Breakthrough - Alphabet unveiled a quantum computing chip called Willow, which could complete computations in minutes that would take supercomputers 10 septillion years [3] - The chip is part of the company's roadmap toward a quantum computer with applications in drug discovery, fusion energy, battery design, and more [3] Bars Pattern Analysis and Price Targets - Bars pattern analysis forecasts a potential upside target of $317, about 70% above Tuesday's closing price [8] - The prior trend took place over 65 weeks, suggesting a similar move could play out until around March 2026 [9] Key Support Levels - The first support level to watch is around $150, where a retracement could present buying opportunities [10] - Selling below $150 could prompt a fall to the $122 level, where Alphabet shares may find support from a horizontal line linking similar trading prices between April 2021 and October last year [11]