Alphabet may fall to 146.40 - 151.00

Our pivot point stands at 174.7.

Our preference

The downside prevails as long as 174.7 is resistance.

Alternative scenario

The upside breakout of 174.7 would call for 182.5 and 187.2.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 178.29 and 178.2032).

Supports and resistances

187.2 **

182.5 *

174.7 **

171.5

166.66 (USD-last)

155.6

151 **

146.4 *

141.8 **

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