Alphabet keeps rising - Analysis - 22-03-2019

Alphabet's stock kept rising in the short term, confirming the breach of the resistance of 1209.90, with positive support from the 50-day SMA, while buoyed by a positive pattern formed in the short term, the Double Bottom pattern, as the RSI reached overbought levels. 

Therefore we expect the stock to carry on gains, as long as it settles above 1209.90, targeting the pivotal resistance of 1273.89. 

Expected trend for today: Bullish