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Rsioversold

Long AYX Reversal Strong Support SwingLONG AYX REVERSAL, STRONG SUPPORT, RSI OVERSOLD, SWING TRADE The fundamental's are actually at a decent spot. Main reason why it went was due to guidance forecast not being increased significantly which makes this an overreaction news. The current price is at it's STRONGEST SUPPORT level based on the last few years of formation. Combing it with the RSI being oversold at 20 it's another indicator reflecting it be oversold and undervalued. Forecast: Using the Bloomberg terminal the average one year target price for AYX is $150. This will yield a 55%+ return from its current price. Its high target price is at $180 and it's low target price is at $100. Considering the stock price is already at $83 or 17% down from the lowest target price only leaves it for an upside after the correction it had. If it reaches the high TP of 180 it leaves an upside of +$97 or (216%). Clearly there is more upside in this investment then downside. In terms of the Industry Analysis; the technology sector is outperforming every other industry. AYX is classified under software sub industry which is one of the best performing sub industries. The company is well diversified across the world and sells it's services in every industry which will be essential right now due to some sectors suffering due to covid-19. The services this company provide help reduce cost through automation, efficiency, and simplified programming integration therefore companies using these services will not cut this service out of there budget since its essential. Overall, the current price makes this company undervalued. The strongest support level has been reached due to an over-reaction but is positioned to do well due it's diversification, sub industry analysis, price target, technical analysis. The whole market had a correction; on the month Tech is down 5.6% and 1 week Tech is down 2.68%. Therefore it's no surprise the company fell more than the typical market correction among other variables.
ALong
by Monstelo
USDJPY - RSI & Stochastic Oversold! - and other confirmationsHi Traders! The market is in a strong Downtrend. As you can see the market also reached the Support. The momentum of the price decreased too. The market is at the moment in a descending wedge. The Trading Idea is simple: Just wait for the Break of the Upper Trendline. We have these confirmations now: RSI is oversold Stochastic is oversold Market at daily Support Decrease of Volume after High Price Action The faster the market reaches to a S&R Level, the deeper it bounces back (in usual situations). We recommend to trade the Breakout with a wide SL. Thanks and successful Trading :)!
Long
by swissmoneymakers
Trade Ideas Positions: CADJPY ABCDA bullish ABCD setup near the important immediate support, if a break and close below the support traders can wait for the major support level before having your trade planned. One of the two to happen for me to engage the trade. 1. touch the blue line but not closing below it; 2. touch the tip of the blue box also known as the PRZ(Potential Reversal Zone) and retrace back down to the candle body to engage the trade. The decision of this trade will be shared with my subscribers
Long
by RaynLim
2
The importance of oversold RSI to play a buyer reboundSince 2012, Bitcoin has found itself in an oversold zone with an RSI 14 < 30 only twice: - from January 06 to 17, 2015, bullish rally with a bullrun from January 13, 2015 to December 16, 2017 - from November 13, 2018 to December 16, 2018: ongoing rebound with an RSI 14 suddenly gone from a value of 28 (<30) to 48 today Focus on January 12, 2015: The December 15, 2018 could well mark the lowest point of this bear market that has spread throughout the year 2018: in other words, never see BTC below the $ 3,000 mark? However, we must remain vigilant for some time because we can not exclude the spectrum of the bull trap by dead cat bounce known on the rebound of September 29, 2014 before 3.5 months of additional bear market until the real bottom of January 12, 2015. But the RSI 14 at the bottom of the September 29, 2014 had grazed the value of 30 without descending lower, contrary to January 13, 2015 and ... December 10, 2018! The RSI 14 should not be considered as gospel word, but it converges today with other signals such as the Fibonacci retracement used in my previous idea which also announced an end of bear market imminent, so very encouraging to play the rebound to the purchase! Also keep in mind that following the January 12, 2015, which was certainly the ultimate purchase point of entry, it took almost the whole year 2015, 10 months of horizontal corridor oscillating between 200 and 320 $ ( "range"), before entering the real bullrun 2016-2017. Finally, the psychological dimension of a market is in my opinion primordial and trade! Indeed, the RSI14 is not a crystal ball that predicts the future, but when the price drops and breaks a support, that the RSI sinks under the 30 as these days, it is likely that many of investors will play the rebound when the RSI will head over the 30 as today! These are called self-fulfilling phenomena, self-fulfilling prophecies: everyone sees the same thing and reacts sheepishly. This mimicry stock market is interesting to exploit precisely on psychological zones. WARNING: This is not an investment advice. Only invest what you are willing to lose. Do not listen to any "prophet", only rely on your own opinion.
BITSTAMP:BTCUSDLong
by MaxHodler
2
Get ready to bounce! Morning All, Bitcoin has been following a channel since the drastic fall from $6480 and is now showing bullish divergence on the 4H RSI and if you look at the daily, RSI(14) is sitting at around 10-11 which is exceptionally oversold in this extended trend. MACD is starting to looking for a cross to the upside, StochRSI is oversold and price has just tested the bottom of the channel which gives credence to a move towards the channel resistance and a temporary bottom. I may be a bit quick to the trigger assuming that price won't drop lower than the $4656 but we have bullish divergence on the 1H and 4H charts and the move to the $4656 low was quickly succeeded with a bounce back to $4754 which took the 4H candle back inside the channel support. Bearish volume spikes are also gradually starting to taper off slightly. This gives us a decent trade setup if this is the temporary bottom. Buy the breakout above the channel resistance around $5100 (23.6 fib) set stop loss just below the channel support and recent low at around $4645. The market is still weak and over-reactive so I'll be taking profit partially on the way up. I suspect bitcoin will reach the 61.8 fib target around $5780 which coincides with MA50 on the 4H chart. Keep an eye on price at levels around $5800 because if price moves above MA50 and MA50 acts as support, then the next target should be $6090 at 78.6 fib retracement. If price drops from channel resistance or below the $4654 low and triggers stop loss below channel support at $4645 then I expect the price to drop for another wave down to around $4300. Good luck and happy trading! Previous post:
BITFINEX:BTCUSDLong
by Corn_Reaper
Bullish Gartley + Support level + Trend + RSI confluenceWe are some hours /minutes away from the completion of a bullish gartley. The trend had been bullish since a while back and therefore we are in line with the trend. The RSI is heading to around 30 meaning Natural Gas has been over sold (at least in the one hour time frame) in which case we should be looking for buying opportunities. Entry price, stops and take profit levels are as per the chart. Disclaimer: All this confluence only give us an edge and not a sure bet. Never risk funds you are not ready to lose. Make sure to have your stops placed. Anything can happen in the market. Let's see how this plays out.
NYMEX:NG1!Long
by KKN_Investment_Limited