Alphabet Inc (Google) Class C
Long
Aggiornato

GOOG Alphabet Inc. Technical Rebound

1 477
If you haven`t sold GOOG at the top, when Ark Invest did:
GOOG sold by ARK Invest


Then you should know that a technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold.
In this case, the Relative Strength Index momentum indicator of GOOG is at 22.42.
Even though i am overall bearish on the economy, buying a strong financial instrument when the RSI is below 30, would make a case for a potential short term reversal.

Looking forward to read your opinion about it.
Trade chiuso: obiettivo raggiunto
Chart went exactly as predicted!

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