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blue-chip

One NASDAQ: Listed Technology Stock at Resistance Level: Alphabet Inc

Jan 13, 2025 | Team Kalkine
One NASDAQ: Listed Technology Stock at Resistance Level: Alphabet Inc
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GOOGL:NASDAQ
Investment Type
Large-cap
Risk Level
Action
Rec. Price (US$)

Alphabet Inc

Company Overview: Alphabet Inc. (NASDAQ: GOOGL) is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube.

As per our previous US Artificial Intelligence and Emerging Technologies Report published on ‘GOOGL’ on 05th September 2024, Kalkine provided a ‘Buy’ stance on the stock at USD 156.45 based on decent fundamentals, consistent top-line result, higher profitability ratios, associated risks, healthy cash balance, low debt, and current valuation and the stock price has now moved by ~22.75% since then and attained resistance 1 and resistance 2.

Noted below are the details of support and resistance levels provided in our previous report:

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