This chart speaks for itself.
On the last 2 occasions when weekly RSI was oversold, the following 43 weeks produced gains of 276-375%! We are looking to bounce off support from the 2016 and 2020 bottoms, this would be good confirmation to buy. Given the current market it would be a good idea to set stop losses below this support line.
On the last 2 occasions when weekly RSI was oversold, the following 43 weeks produced gains of 276-375%! We are looking to bounce off support from the 2016 and 2020 bottoms, this would be good confirmation to buy. Given the current market it would be a good idea to set stop losses below this support line.