Still looks rather strong on the weekly

Alphabet holding up strong, we can see two lines of support on the weekly chart. The support along the upper trendline reads $160.41, a break below would then shift the focus towards $150.71 and then the lower trendline. The support along the lower trendline approximately reads $143-$144. However, this would have to be re-analysed if a break below the upper trendline occurred. Currently, Alphabet’s shares are trading at around $174.31 a share in the pre-market session, Towards the upside, the resistance here is this week’s high of $178.71. A move above this level could lead to an extension towards the all-time high of $181.76 (which was due to the earnings boost back in April). A clear move above $181.76 would create a psychological resistance level around the $190 mark. Looking at the technical indicators, they are both positive. The MACD is on a strong gradient and the RSI reads 67. The RSI was almost within the ‘overbought’ territory last week, hence why the stock may be taking a small breather this week.