Bombardier Inc. T.BBD.A

Be careful not to be too greedy this time

[Mauserintime945]

Last year the title of Bbd.b was in the area of oversold. This year, it's the opposite, I see that the title is now in the area of overbought. So it remains to be seen how the announcement of the second quarter result will move the RSI which is currently at 66.42. It is important to understand that an RSI of more than 70.00 already signals that the stock has been in the overbought area for some time.


BBD/B.TO | SharpCharts | StockCharts.com

[Form001]

You mean that 55.00 is oversold and 70.00 is overbought, that mean that BBD will stay between 55.00 and 70.00 for the next 10 years, tomorrow I don't sell one share. Last October, Q3, the stock dropped and finished almost up. The momentum is supposed to be positive for the next 9 months. GLTA

[Mauserintime945]

The following is a good article to read about the RSI Relative Strength Index (RSI) Indicator Explained With Formula (investopedia.com)

[Form001]

The RSI is at 66, saw a lot of stocks who jump at 100, now the RSI is very low.

[Mauserintime945]

Could you tell me only the name of one stock

[Form001]

DWAC, GME an others.

[Nordico]

Greedy according to technical analysis nonsense. Bomber is significantly undervalued when you look at its fundamentals/valuation multiples.

[Shamhorish]

this deja vu business has been going on for many Quarters. most likley will be repeated,  i did not sell one share, will ride the storm, looking for the horizon and the blue skies further ahead