TheApeOfGoldStreet
@TheApeOfGoldST
ยท
5m
#SILJ has only been more oversold on the daily RSI one time the past 2 years, that was December 2024.
That was a low that set the stage to a +327% move.
The other 3 times #silj been this low the past 2 years signalled the bottom and gave the following bounces:
+51.96% in 62 days, +35.15% in 54 days and +44.60% in 76 days.
Whatever happens coming days, this is a bottoming area. I dont rule out a flush. If we get a flush, as always, that flush gets repaired just as fast and will just be a “visual” short term pain as they run stops and reverse price.
My take remain that we are in a window where its time to be agressive and position yourself. Keep a small cash position for a flush drop to load up your favourite stock, and rotate between positions until then on any further weakness. Assure you are positioned in the best candidates to suggest most upside on the turnaround.
