Looks to me like MFI is headed to oversold, but not going long unless RSI also go oversold
Comentarios:
Guess I made the right call since PDD is green as well as QQQ.
MFI is dropping while the indices are staying flat. Indication that the melt up is not over yet. Maybe I was right earlier this week when I said next Tuesday.
Garbage stocks appear to be done, and the time to buy the dip is when MFI gets oversold. Probably gonna wait until tomorrow, even if it means I need to chase the gap (if it gaps up tomorrow)
MFI is dropping while the indices are staying flat. Indication that the melt up is not over yet. Maybe I was right earlier this week when I said next Tuesday.
Garbage stocks appear to be done, and the time to buy the dip is when MFI gets oversold. Probably gonna wait until tomorrow, even if it means I need to chase the gap (if it gaps up tomorrow)
Comentarios:
Was really hoping for a big gap down and a reversal when MFI/RSI hit oversold. They certainly aren't making this easy for us, lol. I suppose I could have bought PDD calls, I guessed that action correctly.
I don't like to go long on Chinese ADRs overnight because anything can happen overnight with their wacky gov't.
I don't like to go long on Chinese ADRs overnight because anything can happen overnight with their wacky gov't.
I flipped my PDD puts for a small profit, TBH I'm still red for the week. Too many mistakes this week on the whipsaw.