Should You Buy Stocks with Good or Bad Relative Strength?
Hi Guys,
I am wondering if it makes sense to buy stocks that are showing good relative strength, such as Netflix, Amzn, Uber, Meli or ones that are making new 52 week lows and seem more oversold, such as Meta, Intc, WBD, and some others
Is there any data on this type of stuff in a bear market?
I have been a majority in all cash for the entire year besides some swing trades or small options and I am looking to get invested again, but potentially just for another bear market rally swing.
I am talking about Relative Strength, not RSI here
For ex:
Amzn is up like 16% from its June low
Google is below its June low
Amazon has relative strength to the market and to Google
$Netflix(NFLX.US$ $Amazon(AMZN.US$ $Alphabet-A(GOOGL.US$ $Alphabet-C(GOOG.US$
I am wondering if it makes sense to buy stocks that are showing good relative strength, such as Netflix, Amzn, Uber, Meli or ones that are making new 52 week lows and seem more oversold, such as Meta, Intc, WBD, and some others
Is there any data on this type of stuff in a bear market?
I have been a majority in all cash for the entire year besides some swing trades or small options and I am looking to get invested again, but potentially just for another bear market rally swing.
I am talking about Relative Strength, not RSI here
For ex:
Amzn is up like 16% from its June low
Google is below its June low
Amazon has relative strength to the market and to Google
$Netflix(NFLX.US$ $Amazon(AMZN.US$ $Alphabet-A(GOOGL.US$ $Alphabet-C(GOOG.US$
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razo2 : all macro economics doesnt seem good at all. hold your cash and observe the futures index as it is testing the june support since yesterday. if it fails the support, expect some huge drop in the prices.
razo2 : if you are really interested in making money better to short the market. SQQQ.
CharsteyOP razo2:
CharsteyOP razo2:
