Alphabet may fall to 158.40 - 161.35

Pivot

165.75

Our preference

Short positions below 165.75 with targets at 161.35 & 158.40 in extension.

Alternative scenario

Above 165.75 look for further upside with 169.15 & 172.00 as targets.

Comment

The RSI advocates for further decline.

Supports and resistances

172.00

169.15

165.75

163.19 Last

161.35

158.40

150.00

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