Alphabet may fall to 140.40 - 145.10

170.2 is our pivot point.

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 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both 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.