Alphabet may fall to 161.80 - 165.50

Our pivot point is at 187.4.

Our preference

Under pressure below 187.4.

Alternative scenario

Above 187.4, look for 193.8 and 197.6.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 184.213 and 178.1918).

Supports and resistances

197.6 **

193.8 *

187.4 **

185.1

177.69 (USD-last)

169.1

165.5 **

161.8 *

158.1 **

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