Alphabet may rise to 190.90 - 196.80

161.8 is our pivot point.

Our preference

As long as 161.8 is support look for 190.9.

Alternative scenario

The downside breakout of 161.8 would call for 152 and 146.2.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day moving average (172.6705) but above its 50 day moving average (162.8582).

Supports and resistances

202.7 **

196.8 *

190.9 **

184.8

172.5 (USD-last)

165.5

161.8 **

152 *

146.2 **

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