Watch These Alphabet Price Levels as Stock Tumbles After Earnings Report | Global News Avenue

letter(Googl,,,,, Goog) Stocks fell sharply on Wednesday because More than expected cloud revenue The fourth quarter earnings were masked before analysts’ estimates.

Google’s parents said Expected investment About $75 billion Capital expenditure In 2025, Lion’s share is committed to expanding the artificial intelligence infrastructure. This number is Analysts above expectationshighlighting investors’ concerns about when spending will be rewarded.

The projection appeared last week, from Chinese startup DeepSeekThis has attracted the attention of the major investments made by the US tech giants in emerging AI technologies.

Alphabet stock fell nearly 8% in late trading to about $190. Despite the decline today, the stock has risen 33% over the past 12 months, during which time the deputy surpassed the S&P 500.

Next, we break down technology On the alphabet chart, determine the important price levels that are worth a look.

Focus upward channel

Alphabet shared a narrow deal for seven weeks Upgrade channel Before the breakout mode at the end of last month. Prices continue to gain momentum ahead of the tech giant’s quarterly report, Relative intensity index (RSI) 60 thresholds have recently crossed.

But, on the second day of record highs, weaker cloud results ruined stock bullishness Price actionset the stage for sudden reverse.

Let’s identify four important ones Support level Watch the possibility of potentially further revenue-driven sales and point out a crucial overhead zone to monitor whether stocks recover from their long term upgrade.

Pay attention to important support levels

First, it’s worth seeing how the stock’s price responds to the $190 level. Find in this area on the chart confluence Support for lower trendlines from upward channels and 50-day moving average.

this bull‘Failure to defend this level could send the stock down to around $180, where they could attract purchase interest near May, October and November 2024.

Sales below this level could result in a drop to the $168 level. Investors can look for Entrance point Near the trend line near the area, this trend line contacts a series of Peak and slot On the chart between July and November last year.

Deeper correct In stocks, the $160 level plays a role. Support may be available nearby in this area Horizontal line This links a series of comparable prices on the chart from April to October.

This position is also roughly consistent with the projected bar chart shortcoming Target will lower its shares from July to September and reposition it from the end of Tuesday. Interestingly, this move follows Failed to rest From the rising channel, it is possible to provide clues on how to correct it from a similar setting.

Key Elevated Area Monitor

In recovery efforts, investors should track the $201 region. Investors who buy stocks at lower prices may see Lock in profit Close to the upper trend line of the upward channel, currently below the stock’s record height.

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