Alphabet may fall to 158.40 - 159.75

Pivot

163.00

Our preference

Short positions below 163.00 with targets at 159.75 & 158.40 in extension.

Alternative scenario

Above 163.00 look for further upside with 164.80 & 168.00 as targets.

Comment

The RSI is mixed with a bearish bias.

Supports and resistances

168.00

164.80

163.00

162.17 Last

159.75

158.40

150.00

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