7Mes·

Added again, quite oversold (RSI 17.91) and exaggerated in my opinion

11
10 Commenti

immagine del profilo
This is the way ✌️🚀
3
Visualizza tutti 8 ulteriori risposte
immagine del profilo
ELF Beauty's price drop and oversold RSI might appear attractive, but several concerns warrant caution. The missed revenue target raises questions about the company's performance and future prospects. The strongly negative volume flow suggests continued selling pressure. While the RSI is low, it's not a reliable indicator on its own; oversold conditions can persist. Furthermore, there's no clear sign of a trend reversal. Before considering a buy, investigate the reasons behind the missed revenue, assess the competitive landscape, and consider the overall market context. Don't be lured by a low price without thorough due diligence.
2
Mostra la risposta
Partecipa alla conversazione