Alphabet may rise to 194.80 - 197.90

Our pivot point is at 177.8.

Our preference

The upside prevails as long as 177.8 is support.

Alternative scenario

Below 177.8, expect 172.5 and 169.4.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 177.519 and 172.0484).

Supports and resistances

201.1 **

197.9 *

194.8 **

191.4

182.15 (USD-last)

180

177.8 **

172.5 *

169.4 **

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