Stock is oversoldI like looking for stocks that have positive earnings quarter after quarter. This stock has positive earnings however it is not as good as investors would have hoped, leading to this crash. At the present earnings level, the stock could logically be placed at $17, which was the price it was trading at with such earnings. RSI is is below 20 showing that this stock is way oversold. Keep it on the watch list. This stock may make a recovery- im betting on it especially as it is not loosing money.
SUPV/N trade ideas
Going long SUPV on Monday. SUPV is printing a bullish candlestick over candlestick price bar on above average volume with my momentum/trending oscillators confirming the price move. I am going long SUPV on Monday using a limit order (GTC-BUY-LMT) @ 26.50. I will have two trailing sell stops (GTC-SELL-STP) @ 26.04 and 24.23 to protect my initial invested capital in case SUPV does not move higher immediately. I am expecting a measured move similar to all or part of the previous uptrend from December 2016 - November 2017.