Some good discount buys for your Investing account
Two stocks I’m eyeing for my B&H and ROTH accounts right now are:
$PTON and $TWTR
Both are Large Cap stocks under 30 RSI right now. Let’s look at each of them…
Twitter dropped recently because of no guidance on their plan to monetize their platform and find a way to integrate a subscription service like other social media sites. They also experienced lower than expected user growth.
While the stock is down, it finally found a bottom (about 3 candles of support) so I might add this to my B&H account.
Peloton nosedived after the recent treadmill recall. It’s now under it’s 200 SMA and down almost 15% today BUT I’m waiting for it to find a bottom still. The number one rule of buying a stock on sale is:
You don’t want to catch a falling knife!
Peloton also has its Earnings Report tomorrow after Market close. So I’m always wary of holding through Earnings.
Another one I’m watching is $RBLX. It’s dropping but isn’t under 30 RSI yet so not entirely the sweet spot, but keep an eye on it, it could dip down to its ATL which would be a great deal!