Alphabet may fall to 178.00 - 179.80

Pivot

183.50

Our preference

Short positions below 183.50 with targets at 179.80 & 178.00 in extension.

Alternative scenario

Above 183.50 look for further upside with 186.00 & 188.50 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

188.50

186.00

183.50

181.13 Last

179.80

178.00

175.50

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