Despite posting decent earnings,
PODD
has been weathering a massive selloff and is now in its historically strong area of resistance. It has strongly rebounded from this area every since 2020. On the daily chart, the RSI 20 is at the most oversold level the stock has ever been. The last two times it was this oversold it rebounded around %40-%50 within the next month. It's looking as if there could potentially be a massive bounce upward on the way. Definitely keep your eye on this one.
PODD
has been weathering a massive selloff and is now in its historically strong area of resistance. It has strongly rebounded from this area every since 2020. On the daily chart, the RSI 20 is at the most oversold level the stock has ever been. The last two times it was this oversold it rebounded around %40-%50 within the next month. It's looking as if there could potentially be a massive bounce upward on the way. Definitely keep your eye on this one.
Comment:
It is now attempting to break out of it's massive selloff trend. On the 4hr chart, the RSI is attempting to cross over as well.
Comment:
Looks like she's about to give up the fight and take off!