GOOGL: Earnings Drop Could See Shares Test 200 MA at $323Alphabet Inc. Class ABATS:GOOGLtimothysmith78Shares in Google parent Alphabet (GOOGL) slumped 3% in extended trading on Wednesday after the Magnificent Seven member lifted its capital expenditures forecast, raising concerns among market participants about the significant investments hyperscalers are pouring into their AI buildouts. From a technical standpoint, GOOGL shares have remained under pressure heading into earnings after a bearish engulfing candlestick pattern emerged on the chart last week near the 50 MA, paving the way for further earnings-driven weakness. If the shares continue to move lower, it's worth keeping a close eye on the $323 level. The shares could attract institutional support in this region near the closely-watched 200 MA, which also currently aligns with a horizontal line stretching back to price action around the November 2025 swing high.