Alphabet declines amid positive pressures - Analysis - 13-08-2018

Alphabet's stock retreated 0.92% in the last session, or 11.49 points, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching extremely overbought levels compared to the stock's movements, amid attempts to gather positive momentum to help it regain footing. 

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