Tag: oversold

  • The Pullback in Apple is Severely Overdone

    The Pullback in Apple is Severely Overdone

    The pullback in Apple is overdone. After gapping from about $180 to about $169, Apple became oversold on RSI, MACD, and Williams’ %R, where it typically bounces. If you pull up a one-year chart of Apple, you can see that each time these indicators align in oversold territory, Apple starts to pivot higher. That’s what…

  • Three Top Reasons to Invest in Lithium Again

    Three Top Reasons to Invest in Lithium Again

    Keep an eye on lithium. For one, according to Investor Intel,” Strong EV sales in China are leading to early signs of a China lithium price recovery. Lithium contract prices remain much higher than spot prices reflecting the past lithium price rise and the strong outlook for lithium demand in 2023.” Two global demand for…

  • Weakness in Advanced Micro Devices May be an Opportunity

    Weakness in Advanced Micro Devices May be an Opportunity

    Weakness in Advanced Micro Devices (AMD) may be an opportunity. After dropping from about $120 to $80, the stock is starting to bounce from oversold RSI, MACD, and Williams’ %R.  From a current price of $86.27, we’d like to see AMD again challenge $110 a share, near-term. Helping, JP Morgan analyst Harlan Sur just said…

  • Weakness in Generac Holdings Was a Big Opportunity

    Weakness in Generac Holdings Was a Big Opportunity

    Weakness in Generac Holdings (GNRC) may be an opportunity, we noted on April 27. Especially with hurricane season just around the corner. Even better, GNRC is incredibly oversold. Sitting at double bottom support, GNRC is also oversold on RSI, MACD, and Williams’ %R.   However, as we get closer to hurricane season, we believe GNRC…