Alphabet may fall to 140.40 - 145.10

Our pivot point stands at 170.2.

Our preference

The downside prevails as long as 170.2 is resistance.

Alternative scenario

The upside breakout of 170.2 would call for 178.2 and 183.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 171.4075 and 176.7024).

Supports and resistances

183 **

178.2 *

170.2 **

166.9

163.67 (USD-last)

149.7

145.1 **

140.4 *

135.8 **

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