Our pivot point is at 120.
The upside prevails as long as 120 is support.
Alternative scenario
Below 120, expect 118 and 117.
Comment
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Alphabet is trading above both its 20 and 50 period moving average (respectively at 121.02 and 120.91).
Supports and resistances
127.25 **
126.25 *
125 **
124
121.425 last
120.75
120 **
118 *
117 **
The upside prevails as long as 120 is support.
Alternative scenario
Below 120, expect 118 and 117.
Comment
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Alphabet is trading above both its 20 and 50 period moving average (respectively at 121.02 and 120.91).
Supports and resistances
127.25 **
126.25 *
125 **
124
121.425 last
120.75
120 **
118 *
117 **