WATCH LIST (2/23/24) 👀
There area few beaten down stocks that caught my eye this week. I’m not pulling the trigger on any of these just yet, but wanted to make a list so I don’t forget to keep checking on them. Most are near or below 30 RSI and all are under their 200 SMA (though some more than others). I also included some half-assed internet research as well.
These are only Daily charts below but it’s important to look on a larger scale chart too, like a monthly, to see how these prices compare to their history. A lot of stocks are still riding high from the pandemic so it’s important to check if these are value prices or just a return to more normal numbers.
UPDATE
Adding CHGG — Chegg to the list
This woul dbe for a short swing up to the 200 SMA as a Target.
Trade long and prosper!
🖖
Sign Up for a Medium Membership: https://spocktradez.medium.com/membership
