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Oversold

$RIDE Primed A potential break out in the making could push some massive moves! Keep a close eye... for the utmost safety, wait on the earnings call eod today or spin the wheel a Lil early ;). Do you own Due Diligence on what is happening and make a sound decision. My best gains have come from these times in the past, especially on SHOP. Around $180, a short report said Shopify would never surpass $200 about two years ago now. I will hold and add and only exit if we break $9.00 and take my loss with pride! Companies in the USA attempting to make the world a better place are risky currently, but in my opinion, they belong in any growth portfolio for the long haul as this will be the future. Buy the hype train, or buy when everyone else is fearful and taking losses. TSLA, XPEV, NIO, RIDE, and soon Rivian have/are/will be my personal long holds for the EV sector. Gl and best wishes to all!
RLong
by KML6
12
FANS switching to bullish mode after recoveryAfter the strong performance based on great news in February 2021, there was an overreaction by investors and an excessive sell-out The result was a pull-back to around 1.10 CAD $, also as a result of overall red markets especially in the tech sector. Based on Stoch RSI indicator the stock is oversold at the moment and seems to be ready for a significant turnaround. News regarding the application for U.K. Gambling Licenses (4th of March) is very promising too. Awareness and interest in FANS is rising. I consider that it's possible that FANS will be able to climb up to 2.50-3.00 CAD $ by the end of March.
F
by the_realone
3
PLTR - On the Precipice of Greatness I jumped into PLTR back in mid/late FEB when it was tanking pretty hard. I've been patiently waiting and pulled the trigger on another lower price point to decrease my DCA. After more waiting... I think we're on the precipice of greatness here with PLTR. Most of my points are called out above. Some additional notes here. 2 day candles show a LONG stretch of being oversold Last time we left oversold we saw a 79% pump We've once again been oversold for a very long stretch Double bottom established and could give us the momentum we need to break out of the oversold position Things to keep an eye on: Would be really nice to see the DMI tick up towards bullish momentum Keep an eye on the neck line of the W (orange dotted line) - needs to break that to finish the push Obviously do your own research and due diligence before investing... but as for me... I just like the stock. -Matt
PShort
by worldlyTacos81375
14
Very bullish on this oneLooking good on TME in my opinion making all time highs. Very very impressive technicals and especially fundamentals with continuing uptrend of revenue and EPS and would probably fit a CANSLIM stock selection. In terms of pricing, compared to other china stocks like BILI, BIDU, etc. with impressive fundamentals. TME should reach $100 per share as well near their pricings. Probably after this bear market were experiencing right now and low volume, TME would have a high possibikilty it wont go back to this $20 per share right now. Addition to that, you can see a huge volume the other day which represents intstitutional entry plus RSI indicates were almost on the oversold side which is a good entry point.
NYSE:TMELong
by denebr
2
Mohawk is oversold. Is this one ready to run up?I have changed up how to best display projected movement. In the case of MHK, 4 of my algorithms signaled a BUY on March 24, 2021. Equities nearly always obey the signal and move up, but sometimes it may continue to move down first. I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the 3 Hour chart after a BUY signal occurred. Therefore, this box represents 100% of previous movement downward before the stock finally moved upward. The smaller red box represents 50% of all historical movement downward, before the stock moved upward. The smaller box is more of a precise target for the potential bottom in this instance. The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final top. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could rise the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never rise (and the green boxes may never come into play). All statistics and the full analysis are available for free as always at the site below.
NYSE:MHKLong
by StockSignaler
Finally in the zone of interestFrom overbought ATH around 61780 price fell down to oversold and showing us bullish divergence on 4H RSI. When we consider strong support FIBO zone around 52.4K we get great probability for trade with minimal risk. Longs positions are starting stabilize too. (green line above charts). After all of that I will still opening only a small position of my account to leave room for further maneuvering :D Because the price CAN have many obstacles upwards (56500,59300,60000 and ATH.) 15% of account i long at market price. Comment below where you will buy or maybe where you will short: D And if you agree like. I will update this idea in close future so if you want, follow me.
BITSTAMP:BTCUSDLong
by Exly11
1
WDC shines with multi-chart oversold signalsI have changed up how to best display projected movement. In the case of WDC, 5 of my algorithms signaled a BUY on March 23, 2021. Equities nearly always obey the signal and move up, but sometimes it may continue to move down first. I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the Hourly chart after a BUY signal occurred. Therefore, this box represents 100% of previous movement downward before the stock finally moved upward. The smaller red box represents 50% of all historical movement downward, before the stock moved upward. The smaller box is more of a precise target for the potential bottom in this instance. The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final top. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could rise the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never rise (and the green boxes may never come into play). All statistics and the full analysis are available for free as always at the site below.
NASDAQ:WDCLong
by StockSignaler
1
USDJPY-Weekly Market Analysis-Mar21,Wk4Trendlines are amazing, there are many ways you can use them, for this instance I'm waiting for a shorting opportunity when the candle touches the red line but not closing above it. When it hit the middle trendline, I'm going to shift my stop-loss to entry and once it reaches the bottom trendline, as long as it closes below the trendline, I'm going to keep the trade, if it doesn't, I'm going to exit my shorting trade and turn it to a buying trade.
Short
by RaynLim
YFI - I Yearn For Gains!! Full disclosure, I bought YFI at $42,900... and am desperately needing a recovery. So I *might* have a slight bias towards seeing a push here... BUT... regardless... I think there are some strong bullish signs in the coming week for YFI. Lots called out in the graph above so some additional thoughts below to supplement the graph: There have been other points where a touch on the 50 day sends the price to the upper resistance line The Stochastic RSI isn't perfect... and the patterns are not exactly the same... but given it's in the same spot as the last big push... there's gas in the tank at it's current position. There *could* be a possible W forming - we could be at the second touch of the double bottom right now (big speculation there...) Price is currently respecting gan fan channel - could jump back to median (dotted line) for this next push Lot's of speculation all around, but I'm hopeful!
KRAKEN:YFIUSD
by worldlyTacos81375
The Regular Divergence (2) Stock price is lower low, but indicator is higher low. The price touches the support trend line. Tips: This is index, not a stock. But the tips should apply as well. 2013 dec 13, price and stochastic have divergence. Stochastic is to value price momentum. The divergence is a regular divergence. Means the price will bouce back. Here is for price lower low, but indicator higher low. Stochastic works only for a range price move. For strong trend, not working. Here the indicator value is very low, and the stock not in a strong trend swing, means oversold. More probably to bounce back. The stock runs in a very long range. The price drops almost on the support trend line. Over all these, a strong buy hint is here.
TVC:UKXEducation
by yunwangvvv
The Hidden Divergence (2)Stock price and indicator have hidden divergence. Price is lower high, but indicator is higher high Tips: This is forex, not a stock. But the tips should apply as well. 2013 Nov 5, price and stochastic have a hidden divergence. Stochastic is to value price momentum. Also can be treated as if stock overbought or oversold. The divergence is a hidden divergence. The hidden divergence means the price will continue the trend. Here the trend is downtrend, means probably price will go down. 2013 Nov 5, stochastic showed overbought, possibly price go down. The price also touched almost 50 ma, possibly price reverse down. The price also touched almost resistance trend line, possibly price reverse down. It is below 200 ma, should bias on downtrend. Plus this hidden divergence, it is a sell hint.
by yunwangvvv
The downtrend is coming, not yet!Last week's macroeconomic announcements created support at the price level of 1.1870, which is the lower limit of the downtrend channel. So, from a technical analysis point of view this was almost to be expected. Then looking at the indications of the Stochastic it seems that the upward movement still has a lot of room for development because the index has just come out of the oversold level. In the case that the downtrend that has been created is valid, and it is not a downward corrective move of the main upward trend, a rise of prices up to the resistance point of 1.2070, so that prices cover almost the entire range of the downtrend channel, it is very likely to be verified. In the case, now, that the movement within the downward channel is a correction, the point 1.2070 and the possibility of its breaking is the first indication for the future upward movement.
by UnknownUnicorn214400
The Hidden Divergence (1)Stock price and indicator have hidden divergence. This maybe means the price will extend the trend. Tips: This is forex, not a stock. But the tips should apply as well. 2014 Jun 6, price and stochastic have a hidden divergence. Stochastic is to value price momentum. Also can be treated as if stock overbought or oversold. The divergence is a hidden divergence. A hidden divergence is for a price higher lower, but indicators are lower low. Or for a price lower high but indicators are higher high. The hidden divergence means the price will continue the trend. Here the trend is uptrend, means probably price will go up. 2014 jun 6, stochastic showed oversold, possibly price bounce back. The price also dropped almost on 50 ma, possibly price bounce back. It is below 200 ma, should bias on downtrend. But here is a buy hint, so can buy , but not a very strong one.
by yunwangvvv