Alphabet driven lower by current resistance - Analysis - 17-07-2018

Alphabet's stock (GOOG) fell in the intraday levels, recording a loss of 0.42% in the last session, or 4.96 points, after the pivotal resistance of 1186.89 held on, amid positive pressure from the 50-day SMA, with the dominance of the main upward medium-term trend, coupled with positive signals from the Relative Strength Index. 

Therefore we expect the stock to return higher, especially if the resistance of 1186.89 was breached, targeting the next one at 1242.91.