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@StockTalks21 Very few cases could’ve been made to justify its stock price. Valuations were completely out of line. The run up was way too steep, needed to correct to a more understandable level.
Although this was a greater market theme. The tech stocks that could make a case throughout the rotation stayed steady and strong while the rest bled. Find the value folks.
So much garbage out there. Spend time researching, it will pay off.
Looks like the smart money is rotating out of overvalued financial assets and into undervalued inflation-hedge assets. We call this overriding theme “The Great Rotation”.
A thread 👇👇👇
I also like $PYPL
My favorite way to invest is slowly lean in as investors run for the door. I’d rather wait 6mo-1yr to catch the whole dollar, versus frantically searching for pennies. See you all on the other side!
Adding to $FB also going to add to $BABA and $INTC
Meta and Alibaba both massively oversold. Intel is hanging around key levels with a great story and valuation behind it.
@kuchigalore So when you evaluate a wedge you have to determine which of the trend lines is the weakest. In this case it is the resistance trend line, therefore is more likely to break versus the support trend line. Hope that helps!
@kuchigalore But I will say for the bullish case, you have some room upwards on the RSI, you have the 200MA as support, and a very strong trend line that has been respected for a while.
@kuchigalore Theoretically a wedge can play out either way, you are correct. But this wedge is somewhat downward sloping which caused my indicator to go gray.