Alphabet seeks a bottom to buoy it - Analysis - 18-08-2017

Alphabet's stock (GOOG) fell in the intraday levels, recording a loss of 1.72% in the last session, or 15.98 points, as the stock seeks to correct the main upward medium-term trend, while searching for a bottom to hold it higher anew, amid negative pressure from the 50-day SMA. 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 984.50, provided the support of 901.45 held on.