During periods where this stock is highly oversold, there tends to be a rather quick rebound. By creating trend-lines based on the previous highs & lows you can approximate the fluctuation in price. In terms of time intervals, I took the duration of previous runs and applied it forward in an attempt to forecast my price target to sell.
Much of this is self-taught, but I'm sure there is some technical name for what I am trying to do. But for the sake of accountability (mainly to myself) I figured I'd start publishing these to see how much bologna (if any) I might be full of.
Much of this is self-taught, but I'm sure there is some technical name for what I am trying to do. But for the sake of accountability (mainly to myself) I figured I'd start publishing these to see how much bologna (if any) I might be full of.