DPST | Regional Banks Oversold | BounceThe fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is a modified equal-weighted index that is designed to measure performance of the stocks comprising the S&P Total Market Index that are classified in the GICS regional banks sub-industry. The fund is non-diversified.
Oversold
KODK | A Great Trading Opp | LONGEastman Kodak Company provides hardware, software, consumables, and services to customers in the commercial print, packaging, publishing, manufacturing, and entertainment markets worldwide. The company operates through Traditional Printing, Digital Printing, Advanced Materials and Chemicals, and Brand. The Traditional Printing segment offers digital offset plate and computer-to-plate imaging solutions to commercial industries, including commercial print, direct mail, book publishing, newspapers and magazines, and packaging. The Digital Printing segment provides electrophotographic printing solutions, such as The ASCEND and NEXFINITY printers; prosper products, including the PROSPER 6000 Press, PROSPER Writing Systems, PROSPER press systems, and PROSPER components; versamark products; and PRINERGY workflow production software. The Advanced Materials and Chemicals segment engages in industrial film and chemicals, motion picture, and advanced materials and functional printing businesses. This segment also comprises the Kodak Research Laboratories, which conducts research, develops new product or new business opportunities, and files patent applications for its inventions and innovations, as well as manages licensing of its intellectual property to third parties. The Brand segment engages in the licensing of Kodak brand to third parties. The company engages in the operation of Eastman Business Park, a technology center and industrial complex. It sells its products and services through direct sales, third party resellers, dealers, channel partners, and distributors. Eastman Kodak Company was founded in 1880 and is headquartered in Rochester, New York.
Overbought & OversoldIf you can identify overbought or oversold conditions, as a trader, this can be highly profitable. In particular, these are two definitions that refer to the extreme values of the price in addition to their intrinsic value. So, when these conditions appear, a reversal of the direction of the price is highly expected.
What is Overbought?
When something is ‘overbought’, it means that the price is thriving for a long peri. Because of this, it’s trading at a higher price than it actually should be. In other words, the asset is overly expensive and a sell-off is about to happen.
What is Oversold?
When something is ‘oversold’, it means the price is in a negative momentum for an extended period. Because of this, it’s trading at a lower price than it actually should be. In other words, the asset is overly cheap and an upward rise is about to happen.
Indicators
Moreover, there’re plenty of technical indicators which you could use in technical analysis. To confirm the Overbought and Oversold conditions the three indicators commonly used are:
Bollinger Bands,
Relative Strength Index and
Stochastics
Bollinger Bands
The Bollinger Bands appear as a channel. Specifically, the middle line is often a twenty-period moving average. On the other hand, the upper band is the moving average plus two times its standard deviation. Furthermore, the lower band is the moving average minus two times its standard deviation. As a result, the price seems to fluctuate in this channel and normally doesn’t move out of the bands. However, when the price tends to move out of the upper band the price can be considered as overbought. Likewise, the same thing happens when the price moves out of the lower band, the price can be considered oversold.
Relative Strength Index
The Relative Strength Index is a momentum oscillator where the horizontal axis appears as a function of time and the vertical axis as on a scale of 0 to 100. In addition, the standard amount of periods used for this indicator is 14.
So, the Relative Strength Index measures the magnitude and the speed of recent price action. The indicator compares a security strength on days when prices go up to its strength on days when prices go down. Yet when the Relative Strength Index has a value higher than 70 the price can be considered as overbought. When the opposite happens and the price drops down a value of 30 the price can be considered as oversold.
Stochastics
Stochastics is like the Relative Strength Index, a momentum oscillator where the horizontal axis appears as a function of time and the vertical axis is displayed on a scale of 0 to 100. However, the stochastic oscillator is predicated on the assumption that closing prices should move in the same direction as the current trend.
Meanwhile, the Relative Strength Index is measuring the magnitude and the speed of the current price action. The Stochastic oscillator does calculate this value and expresses this value into a %K.
In addition, the standard amount of periods used for this indicator is 14. When the %K crosses a value of 80 the price can be considered as overbought. When the opposite happens and the price drops down a value of 20 the price can be considered as oversold.
Combined
One indicator that matches the criteria for being ‘overbought’ or ‘oversold’ can suggest a small trend reversal. But once all 3 indicators combined are matching the criteria, the assumption of a trend reversal is very likely to happen. Therefore, for trading in general this can be a profitable and low-risk strategy.
BIOL | Time for a Bounce | LONGBIOLASE, Inc., together with its subsidiaries, develops, manufactures, markets, and sells laser systems for dental practitioners and their patients in the United States and internationally. Its dental laser systems allow dentists, periodontists, endodontists, oral surgeons, and other dental specialists to perform a range of minimally invasive dental procedures, such as cosmetic, restorative, and complex surgical applications. The company offers Waterlase all-tissue dental laser systems for cutting soft and hard tissues; diode soft-tissue laser systems for soft tissue, pain therapy, teeth whitening, and cosmetic procedures; and Epic Hygiene laser to manage non-surgical periodontitis and enhance clinical production. It also manufactures and sells consumable products and accessories for its laser systems, as well as markets flexible fibers and hand pieces, and teeth whitening gel kits. The company sells its products through its field sales force and distributor network. The company was formerly known as BIOLASE Technology, Inc. and changed its name to BIOLASE, Inc. in 2012. BIOLASE, Inc. was founded in 1984 and is headquartered in Foothill Ranch, California.
TRXUSD - Oversold - Small bounceOn the chart, we can see TRXUSD is currently oversold.
This oversold condition is suggesting that the price will bounce up. This is a short-term setup and the profits could be taken at the target. The three indicators used are Bollinger Bands , RSI and Stochastic .
See all further details on the chart.
Goodluck!
SI | Adding a Position Here | Oversold BounceSilvergate Capital Corporation operates as a bank holding company for Silvergate Bank that provides banking products and services to business and individual clients in the United States. The company accepts deposit products, including interest and noninterest bearing demand accounts, money market and savings accounts, and certificates of deposit accounts. Its loan products comprise one-to-four family real estate loans, multi-family real estate loans, commercial real estate loans, construction loans, commercial and industrial loans, mortgage warehouse loans, and reverse mortgage loans, as well as consumer loans and other loans secured by personal property. The company also provides cash management services for digital currency-related businesses. Silvergate Capital Corporation was founded in 1988 and is headquartered in La Jolla, California.
GROM | I'm A Buyer | LONGGrom Social Enterprises, Inc., through its subsidiaries, operates as a media, technology, and entertainment company that focuses on delivering content in the United States. The company operates a social media network for children under the age of 13 years. It also produces animated films and televisions series; and provides web filtering services to schools and government agencies, as well as acquires and develops kids and family entertainment properties and related business opportunities. The company was founded in 2012 and is headquartered in Boca Raton, Florida.
ALIM | About that Time to Load | LONGAlimera Sciences, Inc., a pharmaceutical company, engages in the development and commercialization of ophthalmic pharmaceuticals in the United States and internationally. It offers ILUVIEN, an intravitreal implant for the treatment of diabetic macular edema (DME), which is a disease of the retina that affects individuals with diabetes and lead to severe vision loss and blindness; and to prevent relapse in recurrent non-infectious uveitis affecting the posterior segment of the eye. The company sells its products to physician offices, pharmacies, and hospitals through direct sales and distributors. It has a collaboration agreement with EyePoint Pharmaceuticals US, Inc. for the development and sale of insert technology to deliver other corticosteroids to the back of the eye for the treatment and prevention of eye diseases in humans or to treat diabetic macular edema. The company was incorporated in 2003 and is headquartered in Alpharetta, Georgia.
SVFD | Let's Ride This One Up | LONGSave Foods, Inc., an agri-food tech company, develops and sells eco-friendly green treatments for the food industry to enhance food safety and shelf life of fresh produce. Its products are based on proprietary blend of food acids combined with oxidizing agent-based sanitizers for cleaning, sanitizing, and controlling pathogens on fresh produce that are safer for human consumption and extend their shelf life by reducing their decay. The company's products include SavePROTECT or PeroStar, a processing aid for post-harvest application that is added to fruit and vegetable wash water; and SF3HS and SF3H, a post-harvest cleaning and sanitizing solution to control plant and foodborne pathogens. It also offers SpuDefender for controlling post-harvest potato sprouts; and FreshProtect to control spoilage-creating microorganisms on post-harvest citrus fruit. The company was formerly known as Pimi Agro Cleantech, Inc. and changed its name to Save Foods, Inc. in April 2016. Save Foods, Inc. was incorporated in 2009 and is based in Miami, Florida.
KSA | Time for a Bounce | LONGThe fund generally will invest at least 80% of its assets in the component securities of the index and in investments that have economic characteristics that are substantially identical to the component securities of the index. The index is a free float-adjusted market capitalization-weighted index that incorporates foreign ownership limits and is designed to measure the performance of the large-, mid- and small- capitalization segments of the Saudi Arabia market. The fund is non-diversified.
GROV | I Love This Setup | LONGGrove Collaborative Holdings, Inc. operates as a plastic neutral consumer products retailer in the United States. It provides cleaning essentials, such as kitchen and bathroom cleaning products, household cleaners, hand and dish soaps, paper products, and laundry care products; home and pantry products, including home fragrances, bedding and bath products, cookware and dinnerware, and pest control products, as well as trash, recycling, and compost bags; and clean beauty, haircare, skincare, oral care, period care, and kids and personal care products. The company offers health and wellness products, such as air purifiers, condoms, sun care and tanning products, vitamins and supplements, and treatments and preventions products; pet care products; indoor gardening products, garden tools and accessories, grow kits, plant seeds, gardening soils, fertilizers and lawn care products, and insecticides. It offers its products through retail channels, third parties, and direct-to-consumer platform, and mobile applications. The company is based in San Francisco, California.
AEY | Good Entry Point | LONGADDvantage Technologies Group, Inc., through its subsidiaries, distributes and services electronics and hardware for the telecommunications industry in the United States and internationally. It operates through two segments, Wireless Infrastructure Services and Telecommunications. The Wireless Infrastructure Services segment provides turn-key wireless infrastructure services for U.S. wireless carriers, communication tower companies, national integrators, and original equipment manufacturers. This segment also offers installation and upgradation of technology on cell sites; and construction of new small cells for 5G. The Telecommunications segment provides central office equipment that include optical transport, switching, and data center equipment for communication networks; customer premise equipment, such as integrated access devices, channel banks, Internet protocol private branch exchange phones, and routers; and decommissioning services for surplus and obsolete telecom equipment. The company was formerly known as ADDvantage Media Group, Inc. and changed its name to ADDvantage Technologies Group, Inc. in December 1999. ADDvantage Technologies Group, Inc. was incorporated in 1989 and is headquartered in Carrollton, Texas.
QTNT | Its Time| LONGQuotient Limited, a commercial-stage diagnostics company, develops, manufactures, commercializes, and sells products for the global transfusion diagnostics market in the United States, France, Japan, and internationally. The company is developing MosaiQ, a proprietary technology platform, which provides tests for immunohematology, serological disease screening, and molecular disease screening. Its conventional reagent products for blood grouping include antisera products that are used to identify blood group antigens; reagent red blood cells, which enable the identification of blood group antibodies; whole blood control products for use as daily quality assurance tests; and ancillary products that are used to support blood grouping. The company also offers MosaiQ SDS Microarray that is designed as a serological disease screening microarray comprised assays to detect cytomegalovirus and Syphilis; MosaiQ MDS Microarray that is designed as a molecular disease screening microarray test for donor red cells or source plasma; MosaiQ IH Microarray as a blood grouping microarray; MosaiQ Autoimmune Microarray; MosaiQ COVID-19; and MosaiQ IH3 Microarray. It sells its products to hospitals, donor collection agencies, independent testing laboratories, original equipment manufacturers, and blood banking operation and other diagnostics companies. Quotient Limited was founded in 2007 and is headquartered in Eysins, Switzerland.
RDHL | Good Entry Point | LONGRedHill Biopharma Ltd., a specialty biopharmaceutical company, primarily focuses on gastrointestinal and infectious diseases. The company promotes gastrointestinal drugs, including Movantik for opioid-induced constipation in adults with chronic non-cancer pain; Talicia for the treatment of Helicobacter pylori infection in adults; and Aemcolo for the treatment of travelers' diarrhea in adults. Its clinical late-stage investigational development programs include RHB-204, which is in Phase 3 study for pulmonary nontuberculous mycobacteria infections; opaganib (Yeliva), an SK2 selective inhibitor, which has completed Phase 2 study to treat patients with SARS-CoV-2 severe COVID-19 pneumonia, in Phase 2 study to treat advanced unresectable cholangiocarcinoma, and in investigator-sponsored Phase 2 study to treat prostate cancer; RHB-107, which is in Phase 2/3 study to treat outpatients infected with COVID-19 disease, and preclinical evaluation study to treat advanced unresectable cholangiocarcinoma, as well as has completed Phase 2 study to treat gastrointestinal and other solid tumors; RHB-104, which is in Phase 3 studies for Crohn's disease; RHB-102 (Bekinda) that is in Phase 3 studies for acute gastroenteritis and gastritis, and has completed Phase 2 studies for irritable bowel syndrome with diarrhea; and RHB-106, an encapsulated formulation for bowel preparation, which is preparing for Phase 2/3 study. RedHill Biopharma Ltd. was incorporated in 2009 and is headquartered in Tel Aviv, Israel.
SNT | Very Oversold Conditions | LONGSenstar Technologies Ltd. develops, manufactures, markets, and sells perimeter intrusion detection sensors, physical barriers, video analytics and management systems, and security video observation and surveillance systems. The company offers Perimeter Intrusion Detection Systems (PIDS), fence mounted, buried, and free standing; PIDS fence sensor with intelligent perimeter LED based lighting; common operating platform for video management software, including intelligent video analytics applications, PIDS, and electronic access control systems; security thermal imaging observation and surveillance systems; and life safety or duress alarm systems. The company's products are used to protect borders and sensitive facilities, including military bases, power plants, air and sea ports, prisons, industrial sites, large retailer organizations, banks, and oil and gas facilities; sporting events, including athlete villages and stadiums, and municipalities from intrusion, terror, crime, sabotage or vandalism to infrastructure, assets and personnel. Senstar Technologies Ltd. sells its products through system integrators and distribution channels. The company was formerly known as Magal Security Systems Ltd. and changed its name to Senstar Technologies Ltd. in September 2021. Senstar Technologies Ltd. was incorporated in 1984 and is based in Ramat Gan, Israel.
QQQ setting up ReversalQQQ has been downtrending however-
it broke through the mid-Fib levels which are now resistance
the Momentum Oscillator shows bearish momentum decreasing to nearly zero
the red dot on the center line suggests a squeeze is underway
recent candles are small range and nearly Doji
candles on the RSI Ichimoku are wide range and volatile
in general relative strength is rising in bullish divergence
Accordingly I will close the put options and open call options
with 48 hours of time to expiration at a strike 1% above current price.
CELO - "LONG LIKE DONKEY KONG"Shout out to Mr. WW for the title quote.
Where do I begin with this one...
1) RSI in oversold zone. Applies to both USDT and BTC pairs.
2) Price quickly and in succession printed out of Bollinger Bands due to the recent FUD. Move is unsustainable and will have to reverse back into BB (upwards). Applies to both USDT and BTC pairs.
3) Multiple indicators flashing bullish on multiple timeframes. Applies to both USDT and BTC pairs.
4) Descending channel as drawn. Price currently bounced on its bottom.
2D USDT Pair
2D BTC pair
1W BTC pair
Can the price fall lower? Sure.
Is it probable that it goes much further down? No.
As always manage risk and minimize leverage. Good luck.
ETHUSD - 7% Increase possible - LongOn the ETHUSD 4h timeframe chart we can see that on this day the price became oversold. When looking at the Bollinger Bands, RSI, and the stochastics we can see all the indicators are matching the criteria for being oversold.
In our opinion the price will dropp a little bit lower today towards the support line. After this has happend you can take a short-term long position.
All further details are shown on the chart.
Goodluck
ETCUSD - Long - Small bounceOn the chart we can see the price is currently in oversold condition. As we can see all the three indicator are suggesting the oversold condition. So this can be an shortt-erm oppurtunity to get approximately 7% profit if this plays out.
The indicators used are Bollinger Bands, RSI and Stochastics.
See further details on the chart.
Goodluck!
AUDNZD - Strong Rejection Zones!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
AUDNZD is overall bearish trading inside the red channel, however, it is now approaching the lower red trendline acting as a non-horizontal support zone .
Moreover, the zone 1.07 is a strong support zone .
So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower red trendline. (acting as non-horizontal support)
As per my trading style:
Since AUDNZD is around the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
and of course, as AUDNZD approaches the upper red trendlines, we will be looking for trend-following sell setups.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AMD ~ Heavy Demand Area AMD, the semiconductor leader, and monstrous Tech Company has taken a very big hit on its stock in the past 12 months. AMD Has issued guidance worries on demand woes and earlier, supply woes.
No matter these shorter-term issues that are going on within AMD, and in the Macro-Outlook of the Economy, AMD is attracting and will be attracting many buyers at these much more fair-valued prices.
As AMD has continued to fall it has hit a significant Trendline that has acted as strong support for the past year's downtrend. Along with this trendline tap, AMD continues to enter a major demand zone from pre-covid levels. The High $40s to $60 will remain a very demand-heavy spot for AMD as many buyers step in.
Long Term buyers and bounce Buyers are anticipating for a bounce off these trendlines, and possibly a bottom near this solid demand zone. AMD's p/e ratio has fallen dramatically to around 20, resigning a fair price to the company's stock rather than the high $100s.
Many Buyers will be seeing value at this price.
My thesis is that this can be a smart Long-Term Entry for scale-ins on the company's stock. Buying at these demand levels will carry lower risk/reward with AMD reaching fair value, and a huge demand zone.
I personally believe years out, this is a perfect acquiring zone to start!
USD-CHF Is Oversold! Buy!
Hello,Traders!
USD-CHF well due to the Dollar weakness
And the decline amounted to almost 7,5%
Which is HUGE so as it follows from the title
The pair is massively oversold
And so the retest of the support below
Presents a great long trading opportunity
Buy!
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