Alphabet touches SMA resistance - Analysis - 16-11-2022

Alphabet's stock (GOOG) rose in the intraday levels, amid the dominance of the upward correctional wave in the short term, with positive signals from the RSI, touching the resistance of the 50-day SMA, amid the dominance of the main downward trend. 

Therefore we expect the stock to return lower, targeting the support of 83.45, provided the resistance of 104.75 holds on.

Expected trend for today: Bearish