Alphabet may fall to 146.30 - 150.80

Our pivot point is at 174.1.

Our preference

The downside prevails as long as 174.1 is resistance.

Alternative scenario

The upside breakout of 174.1 would call for 181.7 and 186.2.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 182.191 and 178.778). Finally, Alphabet is trading below its lower daily Bollinger band (standing at 168.46).

Supports and resistances

186.2 **

181.7 *

174.1 **

171.1

167 (USD-last)

155.2

150.8 **

146.3 *

141.9 **

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