After the market correction $CJ set a new 52 week low with a share price of 22.99. The energy sector has been fairly bearish through January and February which seemed to have helped push the share price even lower. $CJ serves as a prime example of an oversold position.It is also very attractive when looking at its fundamentals relative to its competitors....
$FNSR a manufacturer of fiber optic cable and part of the tech sector, the tech sector has been performing very well all through the month of march. The company recently gaped down over 20% due to a bad Earnings statement, which may have created a good buying opportunity. Decent fundamentals, a low P/B ratio, good forward P/E ratio, good volume and an RSI that is...
$INVT horizontal resistance, which has been broken a few times, showing that the price is cap [able of breaking it, rising support, up over 10% for this week, if it continues to form a triangle it will be much easier to interpret what it will do in the future.
As you can see in the chart for $ARQL i yet again used channels and volume indicators to help good entry points for both long and short positions, when looking at the RSI you can see that this company was very oversold, im waiting for a parallel channel break and increase in volume to make another entry.
Bullish Crossovers tend to show strong break outs for $AUY, 3 times in the past it has lead to large breakouts, RSI in mid 50's and increasing volume also give more evidence of a breakout.
volume increase and sell off triggered by lowered dividends, now it looks like it is consolidating, inflation rates should cause the price of gold to go up, so this chart should follow, Rsi indicates its over sold, if it can break two dollars it may continue to climb.