HTZ has been trading around its 100 day moving average since the middle of January. This average should serve as an important level of support over the next few trading days.
Looking at RSI (2 period, 90% and 10% upper/lower bands) HTZ tapping that lower band at 10.79% at today's close.
If support can hold up, HTZ might be ready for a nice little bounce.
BILI has been trading over its 100 day moving average since the end of December.
Looking at RSI (2 period, 90% and 10% as upper/lower bands) BILI closed today below the lower band around 7.83%
On 2/7, RSI tapped the lower band followed by a nice run up before pulling back again on 2/15.
Long 80 BILI @ $18.60
Granted this was pretty far from the lows for the...
MU has been trading at or above its 100 day moving average since the very end of January.
Looking at RSI (2 period, 90% and 10% upper/lower bands) MU starting to touch the lower band.
On 2/11, RSI hit 23.88%. Stock moved up nicely the following days as RSI started to hit the upper band.
Although RSI is showing a lower oversold indication compared to the most...
AMD has been trading over its 100 day moving average since the very end of January.
RSI (2 day period, using 90% and 10% as upper/lower bands) shows that AMD is just touching 13.42% which indicates that the stock may be a tad oversold or close to it.
Today's Trade; Long 45 shares @ 23.40.
Plan on an exit somewhere in the next 5-8 trading days around 25.50 or so.
Long a few Dec $5 puts. Should have enough time to see trading drop to support.
Low volume is not ideal. Far from it. Might not be worth relying on too many technicals when volume is thin. Being that it's biotech company, it can make quick and severe moves in one direction or the other following announcements of positive developments or failures.
What are your...
Looking at support going back Nov 16. Support then seemed to hold up late March. With recent news surrounding yields, trade talks, selloffs and the other fifty things that play into this kind of movement support will either prove to hold up,giving stocks a bounce, or we’ll see a further breakdown in to the abyss. I say abyss only because I’m not sure where we can...