$Alphabet(GOOGL)$ stock hit sharply following the DOJ's proposal to divest its Chrome browser, alleging anti-competitive practices. GOOGL Share Price Plunges 7%: Key Technical Insights In this article, I’ll revisit some key technical observations for GOOGL stock: Support at $150: The previous all-time high of $150, tested and rebounded in September 2024, remains a valid support level. Near-Term Support at $161: Between September and October 2024, the stock spent around 36 days trading near $161, establishing it as a significant near-term support level. Resistance at $190: The all-time high of $190 is a clear and visible resistance level. Volume Insights: Last night's drop, triggered by the DOJ news, saw sell volume more than double the previous d
Google Drops 5%! Antitrust Woes – Is It Still a Buy?
Google's antitrust case has escalated once again. Recently, the U.S. Department of Justice requested the court to mandate the divestiture of its Chrome browser, require Google to separate its Android operating system, and impose restrictions on Google's ability to train AI models. -------------- Is Alphabet still a bet with the lawsuits? What's your target price in the short term?
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