NASDAQ is oversold on some indicators but looking as if it can break this bottom support, if so, we'll be looking at 8100 next support
SPY is oversold here on several indicators and a double bottom, if this breaks $320 looks to be next stop. Fundamentally we go much lower, technically we should bounce first.
ADBE is way oversold here on several indicators and looking to be getting close to long term support. Bounce back to $315-340 range in coming weeks to be expected.
FDX very much oversold on many indicators and time frames. Bounce back to $175!!
FDX oversold and overdone. I would be looking to buy at long term support of $151.50 for a bounce back to $175. Why is anyone surprised by the ER and guidance withdrawn lol
DLTR way oversold on many indicators, false bear flag should see a bounce back to $152 in coming weeks
Still no change in view, NEM went lower than expected but appears to still have long term support in place and resistance around $53 range. We should see a retracement back to $63.68 .5 fibonacci range in coming weeks/ months. Copper and Gold miners are way oversold and been taken out to the woodshed with an artificially inflated dollar on the backs of $33...
I added to my position around $136 today. We should see a bounce to $151-$154 range in coming 2 to 3 weeks. 70 $140 calls Sept 30th exp. Drop seems overdone considering EVERY company has been missing or withdrawing guidance, some go up, some go down. GL
3M has unlimited liability regarding the earplug lawsuits and dropped recently due to the idea of bankruptcy being shot down. Shorts are all over this stock and that makes it a great bounce candidate here back to $130-135 range
This stock has been stuck in the $75 range all year has fallen after therapy drug flops. Oversold and good for a bounce back to $70
DLTR is oversold here at $141.00 on lowered guidance (as if they're alone in lowering guidance lol)
SELL THE NEWS! FSLR should correct back to $91 range before going higher or lower.
Trading 101 all exhaustion gaps eventually fill. What a business model to depend on government tax credits to increase your profits. 56 PE and no dividend, why would anyone buy this? False bull flag?
NEM and other gold miners have been decimated in recent months due to a collapse in commodities. NEM appears to have bottomed, based and consolidating. I would expect a move to $60-65 in coming weeks. NEM is highly oversold on daily and weekly charts and Copper/ GOLD seems to have bottomed in $1665 range recently. Purchased a total of 500 $52.50 NEM October...
NEM has been in oversold territory for many days and appears to be consolidating here as it's held support. I believe short term commodities have bottomed (copper, gold etc) and NEM is attractive here. I would expect a bounce to $60-65 in coming weeks.
Solar and EV stocks getting bid up once again due to the governments deficit spending "climate bill". FSLR is up a whopping 37% in a week. Overbought on most indicators on several time frame charts, of course like anything can always go higher.
AMC the meme stock from 2020 still putting up a fight. It's way overbought here
Barrick Gold, JNUG, NEM, GDX, GLD are all buys here in my opinion. Commodities are oversold and Barrick Gold appears to have bounced off long term support and consolidating here. Fundamentally gold should be 3-5,000.00 oz by now with the reckless fiscal policy of the US government and other governments for decades of perpetual QE and money printing.