Historically when RSI reaches this level, the stock continues to decline at least 1%. The average drop is 9.02% while the minimum move has been 1.47%. I anticipate this stock dropping at least 3.23% from the close of December 1.
This is a great opportunity to make 10-30% on PUT options.
This is a great opportunity to make 10-30% on PUT options.
All forecasts are based on analysis of past behavior. Prior movements are not always indicative of future movement. Develop the theory, test the theory. Do your own research. Nothing in this analysis constitutes advice. YouTube For More. Good luck!!
