Alphabet Stock To Move Above $2500?
| Apr 26, 2022 05:32AM ET
When we look at Alphabet (NASDAQ:GOOGL) chart, we can see it was trading in the $2575 range early last week, rallied to $2625 but was unable to hold on it fell initially to the $2550 range and ultimately on the Apr. 22, it retracted to $2500.
The selloff continued into the next day, as there was a further fall into the $2375 range, where support was formed. There was a slight rebound during yesterday's session, reclaiming the $2450 range and closing the day in the green. It was last found trading at the $2460 range.
Alphabet has scheduled a quarterly earnings announcement today. If earnings expectations are surpassed, we could expect the price to move upwards, towards the $2575 range.
Today we can expect a move above the $2500 closest resistance level, possibly in the $2550 range.
If, however, it doesn’t manage to hold on to the current level, then a move towards and below the $2375 closest support level can be expected.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.