What is the anticipated short‑term price trajectory for GOOGL now that the antitrust case was dismissed?

Short‑term outlook: The dismissal of the antitrust suit removed a major headline risk, prompting a near‑6 % pre‑market pop that is likely to spill over into the regular session. In the next 1‑3 days we can expect GOOGL to trade above the prior day’s close, testing the first‑hour high around the $146‑$148 range (assuming a recent close near $140). Momentum should stay positive unless a contrary macro shock appears, because the news has shifted sentiment from “risk‑on” to “risk‑off” for the stock.

Technical & trading cues: On the daily chart GOOGL is sitting just above its 20‑day EMA and has broken a short‑term descending channel, with the 50‑day EMA acting as a new support level. The Relative Strength Index is in the low‑70s, indicating bullish strength but leaving a modest amount of headroom before overbought territory (~80). A prudent entry could be a limit order near the $145‑$146 level with a tight stop just below the 50‑day EMA (~$143). Targets are the prior session high (~$148) and the next resistance at the 200‑day EMA (~$152). If the price retests the 20‑day EMA and holds, a continuation rally is probable; a breach below $143 would suggest the rally was a short‑term “news‑fueled” bounce and could merit a quick exit.