With most stocks, Relative Strength Indicator (RSI) falling <30 means 'Oversold'. For BBBY since 2021, that line seems to be more like RSI <35. There have been five instances so far, and each time share price bounced back violently by at least +92%. We are now in the sixth phase when RSI is <35...
Note that in the previous cases, there was a lag of between 2-3 weeks to 2-3 months from when RSI fell back to 35 again, and the share price reverting back up to a high. So don't expect this to necessarily have an instantaneous effect - have patience.
Yes, I have noticed that it skips across the pond (the oversold bottom). I'm sure Algos are keeping it their and controlling to keep it in the banding.
If BBBY staves off fears of impending bankruptcy, it should provide an accelerant for this low-RSI window (plus BBBY seems about due for another cycle in the coming weeks)
New investor here so I’m just asking. Wouldn’t a whale big investors kinda know how to play this in their favor ? like playing squeeze card for instance
Yes, they would. And they are especially the ones who look at technical indicators such as RSI. Hence why there is a good chance that, once again, they enter positions now the RSI has fallen to 'Oversold'.
Note that in the previous cases, there was a lag of between 2-3 weeks to 2-3 months from when RSI fell back to 35 again, and the share price reverting back up to a high. So don't expect this to necessarily have an instantaneous effect - have patience.
that huge volume spike in August will be an interesting variable in this cycle..
How much dilution was happening during those other bounce backs?
Yes, I have noticed that it skips across the pond (the oversold bottom). I'm sure Algos are keeping it their and controlling to keep it in the banding.
I like my position. Just playing the waiting game now. When it rockets we need to have a party.
This is when those that are on the sidelines waiting for the moment to jump in, have their trigger finger on the button.
;)
If BBBY staves off fears of impending bankruptcy, it should provide an accelerant for this low-RSI window (plus BBBY seems about due for another cycle in the coming weeks)
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Peak to peak is approximately 4-5 months. It is now 3 months and 1 week since the last peak in mid-August. January Gamma Ramp, anyone...?
very nice
Waiting for the bullish divergence on the rsi to load calls. Huge gamma ramp on January
Great info., thanks
I see circles, colors and lines. I will try to buy more thanks 🚀💥
This guy fucks. Hard!
From what Iv collected off the historical data we have 40-43 days until the next squeeze of some sort happens
Which is early January. Just in time for a nice little Gamma Ramp...
I have a cost avg of 8.45 rn so hopin we get that in the coming weeks or months
New investor here so I’m just asking. Wouldn’t a whale big investors kinda know how to play this in their favor ? like playing squeeze card for instance
Yes, they would. And they are especially the ones who look at technical indicators such as RSI. Hence why there is a good chance that, once again, they enter positions now the RSI has fallen to 'Oversold'.