Stocks

Alphabet may rise to 180.50 - 185.30

2024-08-26

Our pivot point stands at 157.6.

Our preference

Short term rebound towards 180.5.

Alternative scenario

Below 157.6, expect 149.7 and 145.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading above its 20 day moving average (164.558) but under its 50 day moving average (174.5546).

Supports and resistances

190.1 **

185.3 *

180.5 **

175.7

165.62 (USD-last)

160.7

157.6 **

149.7 *

145 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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