Alphabet may rise to 193.70 - 199.70

Our pivot point stands at 165.8.

Our preference

As long as 165.8 is support look for 193.7.

Alternative scenario

Below 165.8, expect 155.9 and 150.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 170.7955 and 160.6128).

Supports and resistances

205.7 **

199.7 *

193.7 **

187.7

174.99 (USD-last)

169.8

165.8 **

155.9 *

150 **

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