Since the news of the Lucid Merger the stock fell nearly 60% in just a few days. With the mass sell-offs this week this created a panic and the stock seems to be extremely oversold.
1st published idea for my new process which begins with the stock screener. I am trying to identify stocks that have bottomed out or at least hit a lower resistance that begin to have upwards momentum in the RSI coupled with an EMA crossover event.
Initial Filters:
>2B Market Cap to filter small companies
Debt to Equity Ratio (MRQ) < 0.5 to mitigate some...
News:
"In company news, American Financial Group (AFG) climbed over 17% after late Wednesday announcing the sale of its annuity business to the life insurance arm of privately held Mass Mutualfor $3.5 billion in cash. The property and casualty insurer said it expects to book a $7.10 to $7.90 per share after-tax gain after the deal closes its Q2 ending June...
Notes on Chart. At this entry we missed the bottom by a mile, but the upward momentum is still very strong.
As I right this the RSI(14 days) is at 77 so we are approaching the point of it being overbought.
Guide Image for @Perma_Pig 's Alt_flames Script: imgur.com
Long $CHWY - Holding until 12/8/20 closing before Earning.
Historically $CHWY has experienced a bullish runup to earnings starting 14 days out
11/17/20 13:00 We had an upwards crossover between the 62hr EMA and the 182hr EMA (Thick blue bar). This followed out yellow and orange bars cross-under events. This should signal a bullish uptrend.
Short term 62hr RSI...
I entered at $38.49 and was planning to sell at $50, but upon further review I am going to hold. It looks like it just broke out of it previous resistance point ($46.35) and is headed upwards. Looking at a Multiple time frame analysis we also just had an upwards crossover event November 17th where all of my short term MAs crossed over.
