“Most people get interested in stocks when everyone else is,
but the time to get interested when no one else is.“
Warren Buffet
Please note that my positioning is mid to long term, meaning I hold my positions weeks or months.
Description of strategy
- I use Weekly RSI levels as buy/sell signals. RSI Above 52 is bullish, below 48 bearish, between neutral – marked by candle colours. Red diamond means RSI crossed below 50; Green diamond means RSI crossed above 50.
- I sometimes combine RSI weekly indicator with significant price levels marked with horizontal lines. I use them also as my stop loss.
- MACD is an indicator that I find useful especially when I look for divergences.
- Important simple moving averages SMA – 10 and 50 week SMA. Above good, below not so good :).
Keep it simple.
BP – new 52w closing highs 
XOM – new weekly ATH 
ALGM – new ATH and a bit extended 
NVDA – 69 % decline; RSI weekly above 50; holding BO levels. 
AMD – breakout on earnings report; pullback this week. 81.48 is key. 
SHOP – 86 % decline; RSI weekly above 50; consolidating after BO above 45.5 
ARW – 35 % decline; consolidating after BO
Be patient, stay healthy and good luck.
English 
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