AVGO is LIGHTING UP my screen right now. RSI 33, Stochastic 24, Williams %R at -76, AND ADX showing 43 (strong trend). When you get FOUR oversold indicators with strong trend strength, that's not noise—that's a reversal setup. NFLX adding to the party with triple RSI confirmation all in the 33-35 range. Meanwhile META's charts are SCREAMING overbought (Stoch 96?! RSI7 71?!). Clear signals today—the charts are speaking LOUD.
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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.