GOOGL leads telecom sector; technicals show strong continuation; analyst upgrades support bullish view.

I believe the telecommunications services sector is still leading the way this morning, and that's thanks to Alphabet Google, not Meta.

I recommend you keep an eye on Alphabet Google's telecommunications services stock again. Today, the stock is leading the rise by 1.5%, and if we look at it from a technical perspective, this is a three- year weekly chart.

If we draw a downward trend line from the highest closing levels on the weekly chart, we will find that we have already passed the 20-week moving average. If we draw another downtrend line from the highest trading points, we can say that the $368 level is the next major resistance area before the price attempts to break through it, and that the MACD indicator is also in an upward position .

These are the types of technical analysis that have already seen strong continuation over the past two weeks.

I believe that Alphabet ( Google) stock is also on this path if it can capitalize on positive news or even analysts adjusting their price targets upwards.

Yes, as I mentioned, both BFA and JP Morgan today rewrote their recommendations to overweight and buy the stock, with price targets at $810 and $820 respectively.