NTGR can be seen forming again another strong double bottom
This one is contained within a down channel rather than an up channel in the first scenario
With the second bottom point being bullish in the first situation, lets see if its bullish in the second situation (Down channel). Placing NTGR for me in a bullish position.
The bottom line of the first up...
NTGR has been suffering since June 2021, though there have been profitable rallies for short term swings in between. Daily RSI is currently oversold at 26, mostly from an overreaction to negative revenue announcement on Q3 earnings, despite beating EPS estimates. This isn't CSCO, and it isn't always reliable, but I'd expect short term PT of ~30 easily achievable,...