Market Overview - The market is perceived to have a supportive base, with expectations of potential interest rate cuts, which is reflected in current pricing [2][3] - Pullbacks in the market are seen as buying opportunities until a significant change occurs [3] Company Analysis: SanDisk - SanDisk has received increasingly bullish coverage from analysts following its spin-off from Western Digital [3][4] - The stock has risen over 15% recently, indicating strong market sentiment [4] - Technical analysis shows a bullish flag pattern, with a breakout currently in progress [6][7] - Key price levels to watch include a gap level around 96 and potential upside near 112.57 [9][10] Company Analysis: Applied Optoelectronics - Applied Optoelectronics is considered undervalued and is in a favorable market space [12] - The 20-day simple moving average is at 26.70, which is a critical level for potential entry [12] - Technical indicators suggest a resistance zone between 29 and 30.64, with a potential breakout being monitored [15][16] - The stock is currently trading just above 26, with upward trends noted in price action [17] Company Analysis: Carvana - Carvana shares have increased by 128% over the last 12 months, showcasing significant volatility [20] - The stock is currently experiencing a momentum swing breakout, with a critical resistance level around 397 [21][27] - Historical price action indicates a rising wedge pattern, with potential upside if it breaks above 390 [24][25] - Key support levels to watch include around 355 and 340, which could provide buying opportunities during pullbacks [26][28]

RT 🀄Kriesz🀄 (@_Kriesz_)For months $USELESS has been consolidating in a monstrous falling wedge after an insane run up earlier this yearRSI has finally cooled off to such levels that we can consider it pretty much resetTo top it off, right at macro support, price has formed an exaggerated bullish divergence where price has made equal lows, and RSI has made higher lows (green lines). This type of bulldiv is quite rare and has very high hit rates. My favorite bottoming setupIf we close today's candle as is now ...

Bitcoin's 30-day RSI is now approaching the April bottom and last September's pre-Q4 bottom.Momentum has gathered.Now we wait. https://t.co/CXi29DywEu ...

#ETHRSI IS OVERSOLD! BIG MOVE AHEAD! 🔥 https://t.co/Qw1l7NxjL9 ...

Core Insights - Three stocks in the consumer discretionary sector are showing signs of being overbought, which may concern momentum-focused investors [1][2] Company Summaries - **American Public Education, Inc. (NASDAQ: APEI)**: - Analyst Luke Horton from Northland Capital Markets maintained an Outperform rating and raised the price target from $38 to $46 - The stock gained approximately 24% over the past month, reaching a 52-week high of $38.32 - Current RSI value is 77.8, with shares closing at $38.05, reflecting a 1.9% increase [7] - **Grand Canyon Education Inc (NASDAQ: LOPE)**: - Reported better-than-expected second-quarter results on August 6 and raised FY25 guidance above estimates - The stock has increased around 24% over the past six months, with a 52-week high of $214.58 - Current RSI value is 73.4, with shares closing at $214.30, showing a 1.5% gain [8] - **ODP Corp (NASDAQ: ODP)**: - Announced a definitive agreement to be acquired by an affiliate of Atlas Holdings on September 22 - The stock surged approximately 39% over the past month, achieving a 52-week high of $32.20 - Current RSI value is 74.7, with shares closing at $27.97, reflecting a 0.6% increase [8]

BTC’s weekly and daily charts don’t look too healthy right now as the MACD is still bearish on both timeframes.However, the daily RSI is forming a bullish divergence.Sometimes the best move is to wait. The next breakout could be massive.Support: $107,000Resistance: $113,500 · $118,000 ...

Market Overview - The recent rate cut by the Federal Reserve has raised concerns about the economy, particularly regarding employment stabilization versus inflation focus [2] - The major tech stocks, referred to as MAG 7, have been driving the market higher but are currently experiencing a pause [2] Clorox - Clorox is being considered as a defensive investment due to its status as a consumer staple, especially as tech stocks take a break [3][4] - The company's recent earnings reported revenue of $7.1 billion and a gross margin of 45% [4] - The stock has historically bottomed around the $118 level, indicating a potential low-risk, high-reward opportunity [5] - Technical analysis shows a recent price range with resistance levels at $132 and $127, and a significant support level at $118 [7][11] - A bullish divergence in RSI suggests potential upward momentum despite recent price declines [9][10] - The proposed trade involves selling a $120 strike price put option expiring on October 17, which could yield a 10% return if the stock remains above $120 [12] American Electric Power - American Electric Power is highlighted for its vertical integration in the energy sector, providing a diversified approach to electricity generation and distribution [15] - The stock has been in an uptrend since July 2023, recently bouncing off a technical support channel [16] - Technical indicators show a series of higher lows, with important resistance levels around $110.50 and $115 [20][21] - The proposed trade involves a call option with a $105 strike price expiring on June 18, 2026, with a break-even point at $115 [23] Lowe's (Insurance Company) - Lowe's is recognized for its diversification beyond insurance, including investments in energy, natural gas, and hospitality [25][26] - The stock is in a long-term uptrend, supported by its diversified business model [27] - Technical analysis indicates a breakout above previous highs, with significant trading activity around the $96 to $97 level [30][34] - The proposed trade involves a long call option with a $90 strike price expiring on December 19, 2025, with a break-even point at $101 [37]

GOLD MONTHLY RSI IS NOW AT ITS HIGHEST LEVEL IN 35 YEARS.THE ROTATION INTO BITCOIN WILL HAPPEN SOON. https://t.co/ajaPhPFItE ...

Core Viewpoint - The information technology sector has several oversold stocks, presenting potential buying opportunities for undervalued companies [1]. Group 1: Oversold Stocks - Endava PLC (DAVA) has an RSI of 29.8, with a stock price decline of approximately 34% over the past month, reaching a 52-week low of $9.12 [8]. - Neonode Inc (NEON) has an RSI of 23.5, with a significant stock price drop of around 84% in the last month, hitting a 52-week low of $3.80 [9]. - authID Inc (AUID) has an RSI of 29.54, with its stock falling about 36% over the past month, reaching a 52-week low of $2.65 [9]. Group 2: Company Performance Insights - Endava's CEO noted that over half of their employees are now using AI in projects, indicating progress towards becoming AI-native, despite a cautious outlook due to volatile operating conditions [8]. - Neonode anticipates $15-20 million from a patent settlement with Samsung Electronics, which may influence future performance [9]. - authID reported its highest quarterly revenue in history, showcasing effective execution of its growth strategy, despite a recent stock decline [9].

Core Insights - Two stocks in the information technology sector are showing signs of being overbought, which may concern momentum-focused investors [1][2]. Company Summaries - **Diginex Ltd (DGNX)**: - Recently completed an eight-to-one stock split, resulting in a significant stock price increase of approximately 88% over the past month [7]. - The stock reached a 52-week high of $19.38, with a current RSI value of 85.5, indicating it is overbought [7]. - On the latest trading day, shares gained 20.6%, closing at $13.60 [7]. - **Vuzix Corp (VUZI)**: - Announced a strategic collaboration with Saphlux to enhance optical solutions for AI/AR glasses, which is expected to advance the AR industry [7]. - The stock has increased by around 21% over the past month, with a 52-week high of $5.79 and an RSI value of 70.4 [7]. - On the latest trading day, shares rose by 4.9%, closing at $2.57 [7].