$SIG has recently gapped down and is currently oversold. Sellers appear to be running out of steam as the RSI starts to head up while the price continues diverging down. Historically this stock has been good for a short bounce after oversold conditions, the divergence adds more credibility to a short term bounce/trend reversal. The gap down followed...
This may not be a valid cup and handle as it supposed to be preceded by an uptrend. However, some other nice fundamentals; - sequential quarterly revenue growth - sequential quarterly EPS growth - insider buying - 3 different insiders in September 2018 - great ticker -------- This is not financial advice, trade according to your own risk.
Carsales has endured the same fate as many tech stocks in October and like the degenerates we are, we're here looking to catch a falling knife. The stock traded in a nice channel for a full year before breaking down. Take note of the point of control where most volume has taken place in this time period, if this was an overreaction we have a target to get back...
Aveo just reported results on recent clinical trials, after a positive result the stock still plummeted 20%. With such a low market cap are we seeing manipulation or panic? Either way we are left with nice looking setup; bullish divergence on the RSI. It has not turned yet but premarket the stock is up over 6% so it should turn immediately. Time to find out....
Looking for a classic setup here for trend reversal with a bullish divergence on the RSI in conjunction with declining volume. The same pattern marked the reversal for the lows in February and were followed with a sharp rise.
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Summary: Fitbit is in the early stages of its pivot from consumer products to med-tech. It has the distribution, sales, and brand recognition to position itself as a frontrunner in the med-tech big data revolution. The main reason I think this is a huge sleeper is Fitbit is on the verge of switching to a SaaS company with recurring revenue. Key partnerships...
Summary: Fitbit is in the early stages of its pivot from consumer products to med-tech. It has the distribution, sales, and brand recognition to position itself as a frontrunner in the med-tech big data revolution. The main reason I think this is a huge sleeper is Fitbit is on the verge of switching to a SaaS company with recurring revenue. Key partnerships...
Thesis: Facebook has experienced a near 30% drop in the last 43 days. After a big gap it became massively oversold and price action has diverged from the RSI. It is also very much below the 200 MDA. The last time is met both of these criteria were met was in March during the Cambridge Analytica bad news. Historically the RSI alone being at such oversold levels...
Thesis: A clear overreaction to Elon sparking up on the Joe Rogan podcast. Tesla has traded in a clear channel the past 18 months. The last time it traded below this channel it was also massively oversold and experienced a 20% correction back to its 200 DMA in a matter of days and displayed minor divergence. That instance looks very similar to now, even having a...
Looking at UUUU as per Jesse Stine's superstock method This is not financial advice or any sort of recommendation.