Alphabet may rise to 194.20 - 200.40

165.9 is our pivot point.

Our preference

The upside prevails as long as 165.9 is support.

Alternative scenario

Below 165.9, expect 156 and 149.9.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 166.892 and 156.9082).

Supports and resistances

206.4 **

200.4 *

194.2 **

188.3

176.06 (USD-last)

169.7

165.9 **

156 *

149.9 **

Number of asterisks represents the strength of support and resistance levels.