Alphabet heads higher - Analysis - 21-08-2019

Alphabet's stock settled anew above the resistance of 1192.66 after falling yesterday to close a price gap, then recovering today while trading alongside the upward short-term trend line, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI. 

Therefore we expect more gains for the stock, as long as it settles above 1192.66, targeting the resistance of 1265.0. 

Expected trend for today: Bullish