Alphabet may rise to 172.90 - 175.70

Our pivot point stands at 159.5.

Our preference

As long as 159.5 is support look for 172.9.

Alternative scenario

The downside breakout of 159.5 would call for 154.9 and 152.2.

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 below its 20 day moving average (164.02) but above its 50 day moving average (161.7738).

Supports and resistances

178.5 **

175.7 *

172.9 **

170.1

163.42 (USD-last)

161.3

159.5 **

154.9 *

152.2 **

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