Alphabet shares fell sharply Wednesday as investors responded to the Google parent's weaker-than-expected revenue numbers and big AI spending plans. Monitor these important chart levels.

You can see how the price broke out above the previous resistance ... post-earnings report frenzied buying. Here is Alphabet’s daily price chart: Alphabet daily price chart, 11 18 23.

Do you see how much different this is from the Alphabet chart? Amazon has yet to rise above the 2021 peaks. Also, the 50-week moving average crossed over the 200-week moving average in late 2022 ...