Possible Technical Rebound on Target (CFD)

Seems like there is a sector rotation happening on Friday.

S&P and Dow30 rallied 1-2%, while Nasdaq lag behind by 0.65%.

The sectors that rallied on Friday were the Material, Industrial, and Consumer Cyclical.

It may be a good time to bottom-pick some of the bruised and battered cyclical.

This is a pure technical play on an oversold company.

The support level is around 131. A rebound back to the previous swing level, around 150, is possible.

CFD trade is possible on this.