Momentum starting to show weakness

Alphabet closed yesterday’s session at $175.10 a share. We can see through the technical indicators that momentum is starting to weaken, a potential amber warning. The MACD volume is lowering with the MACD line curving lower, and the RSI is following suit, but is still positive. We can see the price is sitting just above the trendline resistance of just under $174. A dip below would require a break of $169.44 support to suggest that any further decline is possible. A fall below $169.44 would shift the focus to the area of $162-$164. Towards the upside, we can see resistance around $180 persists. Though a break above this level could stimulate a move towards the upper trendline resistance of $188-$189. However, there is also the resistance of $181.85, which was created following the volatility from the most recent earnings call.