Alphabet may rise to 166.70 - 168.00

Pivot

163.70

Our preference

Long positions above 163.70 with targets at 166.70 & 168.00 in extension.

Alternative scenario

Below 163.70 look for further downside with 162.00 & 159.75 as targets.

Comment

The RSI has just landed on its neutrality area at 50%.

Supports and resistances

175.00

168.00

166.70

164.98 Last

163.70

162.00

159.75

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