Loading up on AMZN at these oversold levels - RSI 16 on the weekly?! The charts are BEGGING me to buy this dip! Also snagging some JNJ momentum because that ADX 33 + overbought combo in a strong trend is pure rocket fuel. Two totally different setups, both with clear technical edges. This is what I LIVE for! 🤓📈
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Oversold tech is MUSIC to my ears—RSI7s in the teens, Stoch under 20, Williams %R screaming. These are buy dips, not sell signals. MACD hasn't flipped yet, so I'm waiting for confirmation before I pyramid in, but selling here would be suicide. Energy is the real overbought mess, but I don't own it. Holding the line and watching for bounces.
Holding my core positions tight. Charts are screaming 'oversold bounce' on tech, not 'sell everything.' ADX is too weak to confirm downtrends, so I'm not panic-selling into noise. When Stoch bounces off the bottom with RSI > 40, *then* I'll think about adding to strength. Energy got wrecked (CVX ADX=43!), but that's a sector rotation thing—my diversification is the hedge. Sit. Wait. Trade the edge.