CCOI just printed the highest monthly volume in its entire history since IPO 🔥
This type of volume spike often signals a short-term reversal or momentum bounce.
RSI Behavior 🔍
Across the daily, weekly, and monthly intervals, RSI has shown a repeated pattern of bouncing 10%–100% after oversold conditions.
Based on this history, a 5% bounce from here is completely reasonable and aligned with previous cycles 🎯📉➡️📈
Fundamentals 📊
Revenue forecasts are improving and gradually compensating for weaker past years.
This supports the upside even during a downtrend.
Risk Note ⚠️
Catching profit in a downtrend is always aggressive.
But the volume structure + RSI behaviour build a strong short-term case.
As always, we only select stocks with predicted revenue growth, that are oversold, and that show a repeated behavioural pattern in similar conditions.
Our strategy is not based on one fixed formula for all stocks.
Each symbol has its own unique pattern that repeats historically, and we focus only on that repeated behaviour. This is why every setup is different — it must match the stock’s own history. 🔍📈
Trade closed: target reached
Target reached within 16 hours due to a clean oversold-to-bounce pattern exactly as expected.Note
Target reached within 16 hours due to a clean oversold-to-bounce pattern exactly as expected.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.