Alphabet may rise to 189.00 - 191.70

Our pivot point stands at 173.1.

Our preference

As long as 173.1 is support look for 189.

Alternative scenario

The downside breakout of 173.1 would call for 168.7 and 166.

Comment

The RSI is above its neutrality area at 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 175.432 and 169.392). Finally, Alphabet has crossed above its upper daily Bollinger band (179.15).

Supports and resistances

194.4 **

191.7 *

189 **

186.3

179.63 (USD-last)

174.8

173.1 **

168.7 *

166 **

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