“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.
SHOP – 86 % decline; RSI weekly above 50; Good risk reward entry close above 45; initial position RSI weekly close above 50. 
SQ – 82 % decline; RSI weekly above 50; Good risk reward entry close above 76. 
ADBE – 60 % decline; RSI weekly above 50; Good risk reward entry close above 352. 
ARW – 35 % decline; RSI weekly above 50; Good risk reward entry close above 112. 
NVDA – 69 % decline; RSI weekly above 50; Good risk reward entry close above 190. 
INTC 64 % decline; RSI weekly divergence, still below 50. Good risk reward entry 31.5. 
RIG – RSI weekly a bit extended but break above long term base. Buy on pullback; extended on daily.
Be patient, stay healthy and good luck.
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