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How to Determine Oversold Stocks: Option Weekly Strikes

Kristin Alonzo

10-Jul-2019 16:08 PM

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This tutorial is only applicable for "short-term trade" or day trade or not more than 5 days holding.   Trading is very complex and it is vital to focus on each strategy.

How do you determine or assess stocks be into oversold category or condition?

  1. Pull the daily time frame.  Input your own technical style or indicators, as for me very simple the Daily moving average in 3-time frames - 20, 50 & 200, then the RSI 
  2. Assess the sector or its peers, then compare.
  3. Establish the support levels, your target entry, and your target exit.

See YouTube Video:  https://www.youtube.com/watch?v=DMWmk50YNrI

The GOOGL chart here is my real-time alert on the paid website. Examine the annotation and see the simple reasoning behind the Oversold category trade assessment.  

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