Tag: oversold

  • Weakness in Apple is Still an Opportunity

    Weakness in Apple is Still an Opportunity

    Apple (AAPL) is just starting to come back. After falling from about $199.62 to a recent low of $180.17, the oversold tech giant is now back at $186.56. From here, we’d like to see it refill its bearish gap around $192.50 initially.  It’s also just starting to pivot higher from over-extensions on RSI, MACD, and…

  • Oracle Starting to Come Back Strong, as Hoped

    Oracle Starting to Come Back Strong, as Hoped

    Oracle’s weakness became an opportunity. As we noted just yesterday, “Investors may want to take advantage of the pullback to less than $110.  At this point, the $18 drop appears to be a severe overreaction.” Turns out it was a good call. Not only did ORCL catch support, but it’s starting to move higher, as…

  • Oversold Shares of Block Could See Near-Term Upside

    Oversold Shares of Block Could See Near-Term Upside

    Keep an eye on Block Inc. (SQ). After plummeting on earnings, the stock appears to have caught support at $63.55.  It’s also now oversold on RSI, MACD, and Williams’ %R, and could pivot to refill its bearish gap around $74 shortly. Other analysts like the stock here, too. Mizuho analysts, for example, have a buy…

  • The Pullback in Block is Greatly Overdone

    The Pullback in Block is Greatly Overdone

    Block (SQ) is starting to show big signs of life again. Just days ago, the SQ stock took a $10 header on a Hindenburg short report allegation that Square has “systematically taken advantage of the demographics it claims to be helping.” As noted by Yahoo Finance; The short seller accuses Block of a “willingness to…

  • Pfizer (PFE) Has Become Ridiculously Oversold

    Pfizer (PFE) Has Become Ridiculously Oversold

    Investors may want to keep an eye on Pfizer (PFE). The stock has become ridiculously oversold at double-bottom support dating back to late 2022.  RSI, MACD, and Williams’ %R are all oversold, as well.  And from a current price of $40.81, we’d like to see PFE run back to $48 initially. We also have to remember…

  • Keep an Eye on Oversold Shares of OXY

    Keep an Eye on Oversold Shares of OXY

    Keep an eye on oversold Occidental Petroleum (OXY). The Warren Buffett-loved company missed non-GAAP EPS by 22 cents. EPS of $1.61 on sales of $8.3 billion, was below expectations for $1.83 on sales of $8.7 billion. However, there’s still a lot to like about the downed stock. For one, there’s speculation Warren Buffett could add…

  • Why Shares of XPeng are Starting to Recover

    Why Shares of XPeng are Starting to Recover

    Investors may want to keep an eye on XPeng (XPEV). After plummeting from about $34 to $12.86, the electric vehicle stock is starting to show signs of life again.  It’s also oversold on RSI, MACD, and Williams’ %R.  Helping, co-founder and CEO Xiaopeng bought 2.2 million ADRs, on the open market through a holding company.…

  • Weakness is an Opportunity with Roblox Corp.

    Weakness is an Opportunity with Roblox Corp.

    Keep an eye on Roblox Corp. (RBLX). One, after gapping lower on disappointing monthly user growth and booking metrics, the stock appears to have bottomed out.  Not only did RBLX catch double bottom support, it’s starting to pivot from oversold reads on RSI, MACD, and Williams’ %R. Two, RBLX is the closest thing to a…

  • Enphase Energy (ENPH) May Be a Steal on Weakness

    Enphase Energy (ENPH) May Be a Steal on Weakness

    Enphase Energy (ENPH) may be a steal of weakness. After plummeting from about $280 to $173, the stock appears to have caught strong double bottom support. Helping, the stock is also severely oversold on RSI, MACD, and Williams’ %R. The last few times the stock became this technically oversold, it bounced back nicely.  In October…

  • Why Goldman Sachs Just Upgraded NIO to a Buy Rating

    Why Goldman Sachs Just Upgraded NIO to a Buy Rating

    Over the last few weeks, Nio (NIO) has been a disaster. Shares plummeted from about $55 to about $33, where it’s just starting to bounce from double bottom support.  Helping, Goldman Sachs’ Fei Fang just upgraded the NIO stock to a buy rating from a hold, with a $56 price target – potential 66% upside.…