Recent trading activity for Alphabet Inc. (GOOGL) and Google LLC (GOOG) has shown signs of recovery, with both stocks bouncing back above key moving averages. Analysts noted that GOOGL has successfully back-tested its 200-day moving average and is now trading above the 50-day and 100-day moving averages, indicating potential bullish momentum. Some traders are optimistic about GOOGL's valuation, suggesting it is undervalued and expressing intentions to increase their positions. Meanwhile, there are expectations that GOOG could reach a target price of $200, although some traders acknowledge that this may take longer than anticipated. Overall, the sentiment around these stocks reflects a cautious but positive outlook as buyers appear to be holding their positions amid market fluctuations.