In a market where stocks like MU have a 7 PE getting taken to the woodshed one has to wonder how this can have a 460 PE!? I have traded service NOW for almost a year off and on both long and short, mostly short. Head & shoulder clear on chart as I posted 6 months ago, bear market rallies are an opportunity for bagholders to exit overpriced overvalued stocks.
False bear flag, oscillator turning positive, oversold on several technicals. My calls expired worthless. I sold 15,000 shares for $5k profit to offset some of my calls loss and bought back 17,000 shares Friday .50 cheaper. $6.89 average. Might trade or hold til target will be market dependent, if I feel it spikes too quickly I'll sell and buy back cheaper.
Likely nothing more than a dead cat bounce. CEO stepped down abruptly, negative EPS, higher employee turnover, economy and housing coming to a grinding halt, is DOCU business model bleak? The chart has lots of overhead resistance on Fibonacci, Williams alligator, 20 day moving average, 50 day moving average, 200 day moving average, the cloud resistance it's been...
Bear market rally dead cat bounce on DOCU. Stock is down 80% from ATH and experiencing a dead cat bounce. Housing market on precipice of collapse, interest rates over 6.25% on 30 year loan DOCU business will be impacted
AMZN is still oversold on several indicators. "AO" oscillator printing negative green candles, bottom of cloud and BB, stochastics low on 30 min, 1 day and 1 week charts. Looking for a bounce to $117-125 a buy on pullbacks and sell on rallies
Can go $625 as low as $590 EXTREME looks oversold on several indicators. No position now, I closed my last position on spike. This could be a place to start buying and ADD every $20 drop in stock price for a bounce to $740-$819 range. I would play this for a bear market bounce ONLY. I believe TSLA will miss earnings on 7/25 and plan to be short..
MU has violated a triple bottom on Friday which is why I have not initiated a position YET. Bottom bollinger band and stochastics oversold on daily. I'd expect a bear market rally to $65 or higher soon, perhaps a relief FED rally?