RE: Next week will be massive17 Oct 2025 13:04
The too long didn't read of the below is that we are currently in seriously oversold territory and could be due a rebound similar to when it tanked to near 2.2 on the 6th of this month. Do your own research of course
When a stock trades below its lower Bollinger Band (quite simple, trading above top bollinger can signal overheating and conversely lower overselling) and has a Relative Strength Index (RSI, scale of 0 to 100. 0 being completely oversold and 100 meaning completely overbought) below 30, it is a strong technical signal that the stock is oversold and potentially due for a price rebound. Both indicators individually point to oversold conditions, and using them together provides a stronger confirmation. (This happened during the previous selloff and subsequent rebound of the 6th of October.)
Interpretation of the combined signal
Oversold condition: An RSI reading of 30 (this is 26 at time of writing so comfortably in seriously oversold territory) below suggests that the stock has been excessively sold off and is in oversold territory.
Volatility extreme: The price falling below the lower Bollinger Band indicates that the stock's price has moved to an extreme valuation relative to its recent average, based on a two-standard-deviation metric. (bedwetters out in force as again I'm assuming was the case on the 6th)
Confirmation: When both conditions are met, it serves as a strong validation that the stock is at a low point and that a reversal is likely.
Possible buy signal: Many traders use this confluence of signals as a high-probability entry point to buy, based on the principle of mean reversion.
I've said before the stock price is being played like a fiddle, just learn the tune