- Rank: 675
- Followers: 1
- Votes: 0
- Years Member: 2
- Last Update: 23 December 2021, 9:00
Fundamentally good stocks may be in temporary pressure during different stages . USe Technical Analysis to identify a good time.
Looking at Tech Stocks with good Fundamentals which are in a good position to bounce.
Key rules - Stocks have high volumes ( > 1 MN shares traded )
RSI<10 for more than 3 days So a bit Oversold
On a good Support ( 50 or 200 SMA )
Action : Wait for RSI to improve . Also monitor other conditions Stochastics ( Slow and Fast ) and W%R for Validation.
Instruments : I use Options as a way to better manage the bounce ( Straight Calls or Diagonals ). But focus on Chart swill be Entry and Exit timing . For those interested will update the Options position i use / trade as well.
AMT - Good dividend Play and a bounce
This information is presented for education purposes only. StockCharts.com is not responsible for any comments, advice, or annotations presented on this page. Please review our Terms of Service for more details.