GOOG Alphabet Inc. Technical Rebound

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

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.

İşlem kapandı: hedefe ulaştı:

Chart went exactly as predicted!