Wow, look at the MFI today.
Oversold, and though it did get to support, that's gotta be a buy signal. I don't invest in garbage, so not playing it.... but if you're so inclined...
If it does hit $80 support, I might do some calls, but indicators show today was the bottom.
Oversold, and though it did get to support, that's gotta be a buy signal. I don't invest in garbage, so not playing it.... but if you're so inclined...
If it does hit $80 support, I might do some calls, but indicators show today was the bottom.
Note
Note: The only reason why I looked at the chart was because I was trying to figure out when to short it, lol. It's off my list until it gets the gap fill on teh plot.Note
I guess it would have been a good day trade on the double bottom today, but there were easier plays out there todayNote
I guess indicators don't matter for garbage stocks, MFI was at 4.16 before market open, probably even lower now. Looks like nobody wants to buy it until it hits support.Note
MFI stayed oversold longer than I expected, but there's your bounce
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.