Scanning through the most oversold tickers this week revealed a pretty big name. It had taken a hit after explaining it jacked up its AI spending in a recent earnings call and flushed out some nervous traders holding that stock. But it has confirmed a recovery and is looking to reset to get back to the fight it was staging to break out of a consolidation phase. Definitely a fighter not to be discounted, here is the chart we are looking at:

We can see that GOOG has made a bullish crossover on the MACD and now the RSI is above 50. This tells us it has some momentum to keep climbing. The next key mark is to see it break above the 50 day moving average. The Sept 18 370 calls at at about 11.60. Definitely one to watch.

Keep learning and trade wisely,

John Boyer

Editor

Market Wealth Daily