Alphabet may rise to 175.40 - 179.10

Our pivot point stands at 156.2.

Our preference

As long as 156.2 is support look for 175.4.

Alternative scenario

The downside breakout of 156.2 would call for 149.9 and 146.2.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 163.0695 and 161.4386).

Supports and resistances

182.9 **

179.1 *

175.4 **

171.6

163.24 (USD-last)

158.8

156.2 **

149.9 *

146.2 **

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