MSM, come to papa and mama?The stock is currently oversold, as indicated by the Relative Strength Index (RSI). Additionally, the Moving Average Convergence Divergence (MACD) is below its signal line, suggesting a bearish trend. This combination of technical indicators may suggest that the stock is currently out of favor with market participants.
It is often advisable to avoid stocks that are being actively sold by market movers, as they may continue to decline. Instead, it may be more prudent to focus on stocks that are showing signs of strength or are being actively bought by market participants. By playing along with market movers, you can potentially increase your chances of profiting from the market's momentum.
It's often easier to make profits when you're in sync with the overall direction of the market.
Disclaimer: Please be informed that all stock picks are solely for educational and discussion purposes; they are neither trading advice nor an invitation to trade. For trading advice, please consult your remisier or dealer representative.
