GOOGL could rise towards $125 today

AAATrade Team AAATrade

Today’s instrument is the Alphabet Inc. Class A ‘s stock traded in Nasdaq exchange under the ticker GOOGL.

Looking at the 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.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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