23.09.2016 - We forecast growth of Alphabet stocks

Price of Alphabet showed strong growth after has broken the upper boundary of the local descending channel and reached a strong resistance level at 789.00. Overcoming this mark will be a signal for the continuation of the growth of quotations with the closest targets at 820,00 and 850,00. Within the correction, quotations may return to the support level at 764.00 and 737.00. Our medium-term outlook is positive and we expect a strong increase in volatility in the coming weeks.

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