Ahead of today’s Q2 earnings release, you can see the price of Alphabet is trading just above a 6M support at US$191.54. Finding acceptance north of this support level could prompt buyers to change gears and potentially target a 1M resistance level at US$202.40. If price makes it above here, you will likely see the Stock challenge all-time highs of US$208.70, formed in early February this year. Failure to hold above US$191.54, nevertheless, could see price action target 6M support at US$184.51.
FP Markets Research Team.
FP Markets Research Team.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.