Alphabet tries to garner momentum - Analysis - 05-09-2018

Alphabet's stock fell amid attempts to gather momentum to help it rise anew, amid positive support from the 50-day SMA, with the dominance of the main upward trend in the medium and short terms, recording a loss of 1.74% in the last session, or 21.19 points, with negative signals from the Relative Strength Index. 

Therefore we expect the stock to return higher, targeting the resistance of 1273.89, as long as the support of 1186.89 holds on. 

Expected trend for today: Bullish