At the moment, Home Depot (HD) is a great opportunity for shorts. On Tuesday, shares were down about $11.05 a share, or about 3.8%. And unfortunately, it’s now below March support. From a current price of $277.38, it could drop to triple bottom support last tested in...
At the moment, General Dynamics (GD) is trading at major support dating back to last May. It’s also over-extended on RSI, MACD, and Williams’ %R. The last time GD became this oversold, it would run from about $211.55 to $231.71. We’re hoping the same thing happens...
“Investors may want to use any signs of weakness in the lithium market as opportunity. All as EV demand accelerates. According to the International Energy Agency, about a fifth of all cars will be electric this year. As demand increases, automakers will need far...
We’ve been talking a lot about lithium stocks again. All as growth accelerates. For one, according to KeyBanc analyst Aleksey Yefremov, “Our recent checks from the Lithium industry in China indicate that inventories at the battery cell/EV OEM level are...
by Ian Cooper The artificial intelligence (AI) revolution is already here. According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And, according to Marketing AI Institute, “Artificial...
At the moment, Palantir Technologies (PLTR) is gaining a good deal of momentum. All thanks to earnings, expectations for profitability, and artificial intelligence. In its latest quarter, the company posted an EPS of five cents, beating expectations for four cents....
Keep an eye on Cleveland-Cliffs (CLF). After plummeting from a high of about $23 to $14.26, the stock has become wildly oversold. It’s also over-extended on RSI, MACD, and Williams’ %R, and appears overdue for a bounce here. Helping, CEO Lourenco Goncalves paid $1.5...
With oil prices excessively oversold, it’s time to look at beaten-down oil stocks like Chevron (CVX). Most recently, CVX dropped from about $172.50 to about $155. However, with oil starting to gush higher, CVX should follow. Plus, if you pull up a two-year chart of...
The VIX predicted downside. As we noted on April 25, “Keep an eye on the Volatility Index (VIX). At the moment, it’s too calm under 17. Historically, when it’s this eerily calm and relative strength (RSI), Bollinger Bands, Full Stochastics, and Williams’ %R are this...
Keep an eye on beaten-down, oversold shares of Pfizer (PFE). After plunging from about $54 to $39.06, PFE appears to have caught strong supporting back to October 2021. Also, if you take a look at a two-year chart of PFE, you can also see it’s over-extended on RSI,...