The cheap can always get cheaper, but the last couple of times Amazon has had a drop like this sending the RSI into lows we have ended up with a 20% or so bounce. Will be interesting to see if it happens again this time around or whether it continues its downward slide without the recovery rally.
One to watch.
Up 100% over the last few days but WELL down from its original launch highs. Looks well and truly overbought, but the hype around AI will probably be the next big bubble. I'm starting to look for AI stocks but they are definitely super speculative at these early stages.
Stocks like NVDIA and AMD more likely to be the big boy long term winners, but some of these...
BuzzFeed announced yesterday that they were looking to use ChatGPT to help generate content.
Price rocketed before pulling back a little.
DEFINITELY NOT trading advice, but perhaps keep an eye out for any company announcements or general news where they talk about using ChatGPT.
I asked ChatGPT what it thought and it replied:
BuzzFeed now seeks our aid,
Just thought I would show you an interesting way to see who is making the right calls before a stock or (crypto)currency makes a significant bullish or bearish move.
With so many people posting on TradingView it can sometimes be hard to know who to follow.
This is a way to see very simply who is making more accurate calls and best of all it IS NOT influenced...
Just thought I would share one super simple way that you might be able to use the TradingView screener to look for companies that have been more significantly sold off than others and - IF - they do recover to their old previous highs which ones might have more upside potential to them.
I am only using Market Cap to sort them initially in this example, but you...
Another stock that has performed pretty well against the market over the last 12 months but has had a decent 20% pullback to put it back into a better value area.
Will be keeping an eye on it to look for a recovery.
Ardmore Shipping engages in the seaborne transportation of petroleum products and chemicals worldwide.
It is up a bit over 300% over the last 12 months and is going through a bit of a pull back to a better value area.
Could be worth a watch to see if it recovers and continues to run.
Bowen is another one of those 300%+ runners over the last 12 months and has finally broken back up above its 200 day (exponential) moving average which could be a good bullish sign. Its also at the bottom of its long linear regression range / channel with some good potential upside if it trends like it has in the past.
Could be worth a watch.
Hallador Energy engages in the production of steam coal in the Illinois basin for the electric power generation industry and is also involved in gas exploration activities in Indiana.
It has had a massive 1400% run since August 2021. Be interesting to see how long it will continue.
Seems to be a fairly strong pull back area around 50 on the RSI. You could set an...
Scorpio Tankers and its subsidiaries are involved in the seaborne transportation of refined petroleum products in global shipping markets.
Its stock price has had a 350% run so far over the last 12 months, and analysts are forecasting it could get to around $68 or so which is another 20% to go from its current price levels.
There are a couple of different...
After rumours last week of China about to announce plans for a recovery, we now have news about Guangzhou being locked down for Covid.
This is a BEAR ETF, meaning the worse things go for China, the more this ETFs price will increase. It is triple leveraged so can go down even more quickly than it rises, so any buyers beware.
More just to let people know that...
Atlassian is the next high flying company to be belted in the after hours after missing Wall Street's revenue and earnings projections.
Holders are going to wake up grumpy :)
Could be one to watch in the oversold space. Lets see if it recovers.
Google dropped a bit over 7% in the market after hours after reporting poorer than expected earnings.
Facebook is due to report today but is already down by 4% or so on speculation they will suffer a similar performance drop as well.
Both are pretty big tech heavyweights that should give the overall Nasdaq some grief today.
Big dip on earnings after hours. Will probably drag the Nasdaq down a reasonable amount. Facebook is due to post their earnings soon so if Google got hit this bad, then there is a good chance Facebook will take a hit as well.
Could be a volatile next 24 to 48 hours heading into the weekend.