Just days ago, Alphabet (NASDAQ: GOOGL) looked like a stock coiled and waiting for a spark. As a recent piece noted, the chart has spent nearly five months tightening into a textbook base, with its moving averages converging and the setup pointing to a major move, provided a catalyst arrives to light the fuse.
On Thursday, Oct. 8, Alphabet may have handed the market exactly that, unveiling its most ambitious step yet into agentic AI. Of course, the question now is whether or not that product unveiling will be enough to catalyze a move higher.
