Alphabet, the parent of Google and Youtube, is expected to report $1.28 per share on revenue of $71.34 billion by COP today.

Alphabet, the parent of Google and Youtube, is expected to report $1.28 a share on revenue of $71.34 billion by COP today. From a technical overview, its current share price is sitting at $102.41, with a resistance level based at $103.59 followed by a further resistance level at $103.67. A break above the higher resistance price level could see the stock rise towards the 38.2% Fibonacci retracement, where the next tough resistance rests at $104.96. Towards the downside, the first support base sits at the 23.6% Fib ($100.84) followed by a major support level at $96.96. A break below the major support level may see Alphabet's share price decline again towards its lowest point since the start of the year, as highlighted by the green oval. Looking at the indicators, MACD is currently positive and RSI is also positive as it reads 52.