Alphabet extends gains - Analysis - 20-03-2023

Alphabet's stock (GOOG) kept rising in the intraday levels, amid the dominance of the upward correctional short-term trend, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI after reaching overbought levels. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 108.80, provided it settles above 96.00.

Expected trend for today: Bullish