Bulls Should Keep Watch on Faltering Alphabet Stock

Group 1 - The core viewpoint is that after a pullback to $300, there is an expectation for Alphabet Inc (NASDAQ: GOOGL) stock to trend higher, potentially reaching $350 by April expiry [1] - A previous similar pullback in December led to a rally up to $350, indicating a historical pattern that may repeat [1] - The stock recently broke out and cleared a trendline connecting lower highs since earnings in January, suggesting bullish momentum [1] Group 2 - Short interest for Alphabet Inc has reached its highest level since May 2021, but recent reports indicate it may be starting to roll over [2] - In the options market, there is a significant buildup of call open interest at the $300 level, while heavy put open interest is noted at $300 and below [4] - The April call option has a leverage ratio of 9.6, indicating that it will double with a 10.7% rise in the underlying equity [4]