Will GOOGL And FB Stock Rebound Or Break Down?


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


In the stock market, certain price levels are more important than others. And shares of both Alphabet Inc. (NASDAQ:GOOGL) and Facebook, Inc. (NASDAQ:FB) have each reached critical levels.

It’s unlikely that the stocks will stay close to these levels for long. Stocks usually don’t spend too much time trading at important levels. They typically break down or rebound when they reach them.

For GOOGL, the $2,390 level is important. It was resistance in late April and late May. Now it may become a support level. If it does, it will set the stage for a rebound. But if it doesn’t, GOOGL could make a big move lower.

The important level for FB is $330. It was resistance, and now it’s support. If it breaks FB could start to trend lower. But if it holds there could be some type of rebound.


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: TechnicalsTechTrading Ideas