Today’s instrument is Alphabet Inc. Class A ‘s stock traded on the Nasdaq exchange under the ticker GOOGL.
Looking at GOOGL ‘s chart, we can see that it was lastly traded at around $119.20. Next week it is announcing the quarterly earnings and if the market’s anticipation is positive, then today we could expect it to rise towards the resistance level at around $125, otherwise it should drop towards the support level at around $115 and if not able to hold it above that level, then it might approach the next one at around $100-102.
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