Alphabet may rise to 179.30 - 183.20

Our pivot point stands at 160.7.

Our preference

The upside prevails as long as 160.7 is support.

Alternative scenario

The downside breakout of 160.7 would call for 154.6 and 150.8.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 160.3765 and 162.1302).

Supports and resistances

186.9 **

183.2 *

179.3 **

175.6

167.06 (USD-last)

163

160.7 **

154.6 *

150.8 **

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