Alphabet Class C intraday : the upside prevails as long as 163.61 is support
The configuration is positive.
Our pivot point is at 163.61.
Our preference: the upside prevails as long as 163.61 is support
Alternative scenario: below 163.61, expect 161.70 and 160.56.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 164.84 and 164.40). Finally, the Alphabet Class C is trading above its upper Bollinger band (standing at 166.01).
Supports and resistances:
172.22 **
171.07 *
169.92 **
168.77
166.23 USD - last
164.37
163.61 **
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