Alphabet may rise to 195.70 - 201.50

166.6 is our pivot point.

Our preference

As long as 166.6 is support look for 195.7.

Alternative scenario

The downside breakout of 166.6 would call for 156.9 and 151.1.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 174.052 and 165.3298).

Supports and resistances

207.6 **

201.5 *

195.7 **

189.8

174.46 (USD-last)

170.5

166.6 **

156.9 *

151.1 **

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