Alphabet may rise to 185.00 - 187.70

Our pivot point stands at 170.7.

Our preference

As long as 170.7 is support look for 185.

Alternative scenario

The downside breakout of 170.7 would call for 166.3 and 163.7.

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 above both its 20 and 50 day moving average (respectively at 175.3795 and 167.6286).

Supports and resistances

190.3 **

187.7 *

185 **

182.4

176.79 (USD-last)

172.4

170.7 **

166.3 *

163.7 **

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