Alphabet may rise to 166.50 - 168.60

Pivot

161.50

Our preference

Long positions above 161.50 with targets at 166.50 & 168.60 in extension.

Alternative scenario

Below 161.50 look for further downside with 160.00 & 158.40 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

176.00

168.60

166.50

162.85 Last

161.50

160.00

158.40

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