Alphabet may fall to 164.00 - 169.50

Pivot

176.00

Our preference

Short positions below 176.00 with targets at 169.50 & 164.00 in extension.

Alternative scenario

Above 176.00 look for further upside with 180.00 & 183.50 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

183.50

180.00

176.00

172.48 Last

169.50

164.00

160.00

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