Alphabet may rise to 177.00 - 178.00

Pivot

172.80

Our preference

Long positions above 172.80 with targets at 177.00 & 178.00 in extension.

Alternative scenario

Below 172.80 look for further downside with 171.50 & 169.60 as targets.

Comment

The RSI has just landed on its neutrality area at 50% and is turning up.

Supports and resistances

179.00

178.00

177.00

174.92 Last

172.80

171.50

169.60

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