Photo by Mitchell Luo on Unsplash

Today’s instrument is the Alphabet Inc.'s. The stock is traded on the Nasdaq exchange under the ticker GOOGL. 

When we look at GOOGL‘s chart, we can see it has been 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 22nd of April, it retracted to $2500. The selloff continued into the next day also, as there was a further fall into the $2375 range where support was formed. During yesterday’s session, there was a small rebound, reclaiming the $2450 range closing the day in the green. It was last found trading at the $2460 range.

Alphabet Inc. has scheduled quarterly earnings announcement today 26/04/2022. If earnings expectations are surpassed, we could expect the price to move upwards, towards the $2575 range. 

(Click on image to enlarge)

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.