Alphabet may fall to 160.50 - 163.00

Pivot

167.50

Our preference

Short positions below 167.50 with targets at 163.00 & 160.50 in extension.

Alternative scenario

Above 167.50 look for further upside with 168.60 & 171.75 as targets.

Comment

The RSI shows downside momentum.

Supports and resistances

171.75

168.60

167.50

164.21 Last

163.00

160.50

158.40

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