Alphabet may rise to 198.30 - 202.10

Our pivot point is at 179.7.

Our preference

As long as 179.7 is support look for 198.3.

Alternative scenario

Below 179.7, expect 173.4 and 169.7.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 182.969 and 176.925).

Supports and resistances

205.8 **

202.1 *

198.3 **

194.6

185.07 (USD-last)

182.1

179.7 **

173.4 *

169.7 **

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