Alphabet seeks a bottom to boost it - Analysis - 16-08-2018

Alphabet's stock sought a bottom to buoy it again with its latest decline, marking a hefty loss of 2.23% in the last session, or 27.72 points, amid positive support from the 50-day SMA, with the dominance of the main upward trend in the medium and short terms. 

Therefore we expect the stock to return higher, as long as the support of 1205.50 holds on, targeting the resistance of 1314.29.