Hello everyone, If you have a Undervalued stock with Strong financials and Good PA please share it I will start with $WGO >>
Price action: Its movement of price time series, and traders and investors classify these kind of movement according to patterns and setups to gain edge in the market. Is it the holly grail? Price action and technical analysis (In the stock market especially) are good to spot a accurate entire areas, its another edge but not the holly grail.
Currently the $QQQ are extended to much to upper side if I want to take exposure to Tech stock inside that sector I choose a undervalued strong company inside the sector and enter when market and the stock corrected to get the stock in cheap.
Happy for you, I have a position in INTC because its a undervalued stock in the sector, I waited to buy it in a good price and now its at a good profit, If you want to trade a over extended sector find a undervalued stock inside the sector, buy it a good price, and be careful if the sector goes south you can exit or hedge it.
I didn't look real hard, but this stock does look cheap. What's wrong with it? The $XHB and $ITB are both between their 100 day and 50 day. XHB up 28% YTD ITB up 24% YTD Why is $MTH below its 200 day and up only 12% YTD? There must be some fleas somewhere.