Alphabet was punished again today despite strong figures; however, I think that will change tomorrow, and I anticipate a solid intraday rebound. We need to consider several indicators, all of which point to a bullish outlook:
∆ 200-day moving average = support
∆ 0.618 Fibonacci level coinciding with the 200-day moving average = support
∆ High trading volume below current levels = support
∆ Support zone marked in green on the left
∆ Trendline since April 7, 2025 = support
∆ RSI at 40, indicating slightly oversold conditions
I’ve illustrated this in two images and would love to hear your thoughts 😄👍 I welcome any feedback.
No financial advice !