Alphabet may fall to 154.90 - 156.40

Pivot

161.70

Our preference

Short positions below 161.70 with targets at 156.40 & 154.90 in extension.

Alternative scenario

Above 161.70 look for further upside with 165.00 & 168.00 as targets.

Comment

The RSI is below its neutrality area at 50%

Supports and resistances

168.00

165.00

161.70

158.88 Last

156.40

154.90

152.30

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