Despite posting decent earnings, NASDAQ: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...
NYSE:FL had a pretty large gap downward following some pretty bunk earnings. Shoved the 1hr RSI right down into the buy zone and quickly had a bullish crossover. Volume shows that the bulls rushed in and shoved the price right back up into the gap. It had unusually high call volume yesterday, almost like people know gaps usually fill or something. Regardless,...
NASDAQ:TXN has been consolidating below the bottom band of the quarterly VWAP for some time. Volume indicators show bears leaving and bulls entering, and on the 1hr chart we have some nice long bull candles. It seems the price is ready to make its way back toward the top of the quarterly VWAP.
NYSE:ORCL Just successfully retested after breaking out of it's textbook triangles. I entered at $115 with a target of $136 with staggered profit takes at the Fibonacci golden zones.
Similar to PODD, NASDAQ:SEDG is showing signs of abandoning its steep selloff following decent earnings. Volume shows that the bears are weakening, and the RSI 20 on the daily chart is attempting a bullish crossover. If it manages to find it's way back up, it has a nice gap to fill. I'll likely enter if volume begins to indicate that the bulls are showing back up.
NASDAQ:PODD I published yesterday that this stock has a long history of steep selloffs immediately followed by steep rebounds upward with multiple selloffs rebounding off of this same price level within the past 3 years. This could potentially be another of those rebounds. Sell the news traders have driven the stock in a steep decline despite positive...
