Get started

Oversold

Is NVAX oversold following its earnings miss?A few days ago, NVAX gapped down 30 percent on a large earnings miss. This means that now NVAX is down over 87% from its ATH. Why I think NVAX is a buy right now The stock had a minor rally off a long term support level extending to 2020, and has higher lows than during the previous rally off this support level. It is trading at a heavily discounted price/sales of 2.55, far below its peak p/s at 249.16. There is a large upside, with the nearest strong resistance level roughly 50% above the current price. I'm buying in at around 42.2 with a high risk reward ratio. I'll be targeting a roughly 20% return with a 5% stop.
NASDAQ:NVAXLong
by spiritualhealer117
RSI Overbought & Oversold Strategy What Is the Relative Strength Index (RSI)? 1. The relative strength index (RSI) is a popular momentum oscillator introduced in 1978. 2. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100. 3. An asset is usually considered overbought when the RSI is above 70 and oversold when it is below 30. 4. The RSI line crossing below the overbought line or above the oversold line is often seen by traders as a signal to buy or sell. 5. The RSI works best in trading ranges rather than trending markets.
BINANCE:ETHUSD.PEducation
by yaser_rahmati
FILUSDT - Oversold (Weekly chart!)I will keep this brief: 1) Price has dropped over 98% (!) from ATH 2) RSI is as oversold levels, descending wedge forming 3) The falling wedge drawn 4) It has printed red candles for a consecutive 10 weeks. How much more can it drop? 5D BTC pair chart looking nice too Can the price drop more? Sure. But after a 98% correction? I am willing to say chances are in favor of upside. TImeframe: Weeks Return: Don't know Leverage: 2-3x if you need to use
Long
by unknownpower
1
PTON:Due for some bullish relief!Peloton Short Term - We look to Buy at 8.66 (stop at 7.14) We are trading at oversold extremes. Due to an Ending Wedge formation, we continue to treat extended losses with caution. Dip buying offers good risk/reward. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 12.95 and 15.00 Resistance: 13.00 / 15.00 / 20.00 Support: 8.50 / 5.00 / 2.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:PTONLong
by VantageMarkets
EURGBP: Who from the weak?!EURGBP Intraday - We look to Buy at 0.8425 (stop at 0.8395) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. A higher correction is expected. We look to buy dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 0.8515 and 0.8600 Resistance: 0.8460 / 0.8600 / 0.8720 Support: 0.8400 / 0.8325 / 0.8200 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Long
by VantageMarkets
Bottom Still Not InOversold it is, higher it must climb, until lower it gets again. Bounce coming- likely. Bull run again- unlikely imo. Every bottom lifts VIX to >40 and true capitulation usually triggers trading halts. Didn't see these yet; not done. Bear markets are not quickie corrections that serve as dips to buy. They grind on for months or years, median 17 months. Don't expect any monster rallies although a summer rally is likely before the real bear growls in September.
TVC:SPXShort
by DaddySawbucks
47
Bullish Shark Potentially Targetting 38k-48k on the WeeklyWe may see a spike down during the weekend but despite that we do have an oversold condition while BTC sits at the 1.13/1.618 Pattern Completion Zone of a Bullish Shark Visible on the Weekly and if it plays out we could see it rally up between a 0.382 at the least and a 0.55-0.618 Fibonacci Retracement if the pivot is strong. If BTC wicks down during the weekend and triggers my stop but comes back up to the original entry zone then i will reenter though preferably BTC will just go up from here without any stop hunting.
COINBASE:BTCUSDLong
by RizeSenpai
XCHUSDT - 10x opportunityOn the weekly chart above: 1) RSI has been heavily oversold for quite some time. 2) Bullish divergence as drawn, RSI forming descending wedge. 3) Price has declined over 90% from ATH. Also the 3D BTC pair below breaks out of resistance quite decisively and prints a bullish engulfing candle (Also BE candle printed on 1W BTC pair. Wow!) Initial targets 41-54 USDT (1.5-1.95x) as marked by fib retracement Timeframe: Weeks Leverage: 3x at most for me (although with these signals printing the probability of more downside is very slim) Hasta luego
Long
by unknownpower
Wanting to Short Stocks? [CAUTION]A time like this is when it is most interesting to look at charts that serve as indicators to the broader market.. such as the good ol VIX as we see here on the chart. The VIX, which quantifies the volatility level of the S&P500 on a chart, has been a beautiful gauge on the overall markets temperature on being short heavily one way vs being long heavily the other. When I first introduced this chart almost a year ago now on August 1st, I pointed out how traders on average just believe that buying and holding good stocks are a good idea ALL the time.. this chart shows there are periods where this is simply not the case. There are downturns which can last way longer than an average trader's ability to remain solvent and this will always be the case. So, with that being said, in my previous introduction of this the VIX was showing that we were in a trader's market. This was the time last year when people were still fairly optimistic about stocks due to the tremendous and seemingly invincible growth of tech companies over the last decade. The VIX, however, was showing that this was not an ideal time to be a holder in this market but more so a trader. Meaning trade quick swings and get out. Fast forward, and notice from August of that time last year to now, there has been an overall trend going upward into our area of highest volatility. The overall trend for weeks and months were illustrating an upward and impending trend into a period of high volatility. And today, according to this current weekly candle that closes tomorrow, we are seeing that the volatility is in an area where volume-based selling usually declines. The signal to confirm this would be multiple weekly candles closing back below our take profit area for shorts and ultimately back into our trade zone that we were in last year. And that last paragraph may just be the most important paragraph in this entire post. At MINIMUM, 2 things must occur: 1. The trend on the chart must be broken on the weekly. 2. The VIX must break back into the Trade zone. Only then can we begin to get "optimistic" about stocks becoming bullish again. In the meantime, the volatility chart is now showing that we are in all time high territory. In order for the price to continue going down in a way that makes it actually profitable for a short seller, the bears will have to move mountains. This does not mean that prices cannot go further down in the immediate short term. It does mean however that we are close to a peak in market volatility according to this charts overall history. Keep in mind that this is also not a signal to start longing either. The volatility is still in very high areas and you roll the dice as a gambler would when jumping in choppy waters such as these. This is a time for smart short sellers to take profit after seeing this setup months ago. New shorts would only be providing exit liquidity so be careful. In all, keep an eye on this and lets see if in the coming months the volatility dies off and things become somewhat boring until the 4th quarter rolls around. If this happens, a move back into our golden buy and hold zone could be on the horizon!
TVC:VIX
by TradeVibez
Bitcoin bottom is near IMOEvery time the 20 week SMA (Yellow Line) crossed down over the 100 week SMA (Red Line) it marketed the Bitcoin bottom within a few days. These two averages just crossed so the bottom is either in, or will be in be in soon. Also, Bitcoin has never closed a weekly candle below the 207 week SMA (Orange Line). Lastly everybody is screaming for much lower prices and as we know Bitcoin rarely does what everybody wants. I'm still adding to may Bitcoin bags below $21K as this seems to be a historical area to do so. Good luck! BBS Out.
INDEX:BTCUSDLong
by BitcoinBearSlayer