Should You Buy Stocks with Good or Bad Relative Strength?
I am wondering if it makes sense to buy stocks that are showing good relative strength, such as $Netflix(NFLX.US$ , $Amazon(AMZN.US$ , $Uber Technologies(UBER.US$ , Meli or ones that are making new 52 week lows and seem more oversold, such as $Meta Platforms(META.US$ , $Intel(INTC.US$ , 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:
$Amazon(AMZN.US$ is up like 16% from its June low
$Alphabet-A(GOOGL.US$ is below its June low
$S&P 500 Index(.SPX.US$ is a few % abve its june low
Amazon has relative strength to the market and to Google
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:
$Amazon(AMZN.US$ is up like 16% from its June low
$Alphabet-A(GOOGL.US$ is below its June low
$S&P 500 Index(.SPX.US$ is a few % abve its june low
Amazon has relative strength to the market and to Google
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Big_Long_Investor : I’ve tried buying really beaten down stocks but it never seems to work out, I also stay away from the ones who have made big moves up, the higher you go the farther you have to fall. So I tend to stay in the middle, just my preference