US launches attack on Iran's Qeshm Island

The news is of a nature that could disrupt geopolitical risk appetite; GOOGL has already fallen sharply by 13.8%, approaching the RSI 30 threshold, and the MACD is in negative territory. The price is trading below the SMA20 and SMA50, confirming a weak short-term trend. However, the proximity of the RSI to the oversold level also brings the possibility of a limited rebound. Fluctuations stemming from oil/risk premium could pressure technology stocks; yet this headline alone is not sufficient to determine a lasting direction. In the short term, downward pressure is prominent, but the confidence level is moderate.

The US attack on Iran's Qeshm Island could increase the geopolitical risk premium for oil supply security in the Persian Gulf, creating upward pressure on Brent. However, the price is currently at 105.82, just above the SMA20 (105.24), and the RSI at 43.6 is in weak momentum territory; MACD is in negative territory above the signal line, indicating that rebound buying may remain limited. After a 2.5% decline in the last 24 hours, the news could set the stage for a short-term rebound. Nevertheless, due to resistance above the SMA50 (109.07) and the weak technical picture, the probability of a sustained rally is low. Given the uncertainty over confirmation of the news and the scale of any supply disruption, a cautious approach is warranted.