$Alphabet(GOOG)$ a Bounce has Started
Daily Chart: Posted yesterday that Google was oversold in short timeframes already, so today's move is not surprising and may indicate that a bounce has started.
Technicals to watch: Oscillator oversold, diagonal support line, and reversal candle matching the support diagonal.
Even if there is further downside, the risk reward favors bulls.
If this one bounces with $Apple(AAPL)$ and $Tesla Motors(TSLA)$, the down move for $S&P 500(.SPX)$ and $NASDAQ 100(NDX)$ would be mitigated.
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- AuntieAaA·02-29GOODLikeReport