Alphabet in a hesitant place - Analysis - 10-01-2019

Alphabet's stock returned lower with a 0.15% loss in the last session, or 1.62 points, after testing the downward short-term trend line, as the RSI reached overbought levels compared to the stock's movements, countered  by positive support from the 50-day SMA. 

Therefore we expect more losses for the stock, as long as the resistance of 1094.17 holds on, targeting the support of 1044.77. 

Expected trend for today: Bearish