Alphabet may rise to 165.75 - 167.65

Pivot

162.70

Our preference

Long positions above 162.70 with targets at 165.75 & 167.65 in extension.

Alternative scenario

Below 162.70 look for further downside with 161.50 & 159.75 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

168.00

167.65

165.75

164.73 Last

162.70

161.50

159.75

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