Alphabet may fall to 171.00 - 172.80

Pivot

177.00

Our preference

Short positions below 177.00 with targets at 172.80 & 171.00 in extension.

Alternative scenario

Above 177.00 look for further upside with 179.00 & 180.50 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

180.50

179.00

177.00

174.34 Last

172.80

171.00

165.00

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