Alphabet strives to pierce pivotal resistance - Analysis - 20-07-2018

Alphabet's stock (GOOG) fell in the intraday levels, after the pivotal resistance of 1186.89 held on, recording a loss of 0.75% in the last session, or 8.92 points, as the stock gathers momentum to help it rise anew and vent off overbought saturation in the RSI, amid the dominance of the main upward medium-term trend, with positive pressure from the 50-day SMA. 

Therefore we expect the stock to return higher, provided the resistance of 1186.89 is breached, targeting the next one at 1242.91.