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.
