American Stocks Analysis

Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.

Alphabet driven lower by current resistance - Analysis - 23-04-2018

Economies.com
2018-04-23 13:22PM UTC

Alphabet's stock (GOOG) fell in the intraday levels, registering a loss of 1.36% in the last session, or 14.74 points, after the resistance of 1078.49 held on, as the stock tries to gather momentum to help it rise anew and vent off overbought saturation in the RSI, amid the dominance of the main upward medium-term trend. 

 

Therefore we expect the stock to return higher, especially if the resistance of 1078.49 was breached, targeting the next one at 1179.86. 

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