Alphabet may fall to 162.60 - 166.10

Our pivot point is at 185.2.

Our preference

Under pressure below 185.2.

Alternative scenario

Above 185.2, look for 191.5 and 195.1.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. 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 184.281 and 178.32).

Supports and resistances

195.1 **

191.5 *

185.2 **

182.8

177.66 (USD-last)

169.9

166.1 **

162.6 *

158.9 **

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