NTGR primed for entry, oversold RSI
NTGR has been suffering since June 2021, though there have been profitable rallies for short term swings in between. Daily RSI is currently oversold at 26, mostly from an overreaction to negative revenue announcement on Q3 earnings, despite beating EPS estimates. This isn't CSCO, and it isn't always reliable, but I'd expect short term PT of ~30 easily achievable, entry at 28.50 or lower, SL at 28.20 (or 27.30, if you're a gambler).
Not a lot of support between 27.30 and 25.90, so keep your stops ready, and good luck. Not financial advice, I'm an awful trader, but NTGR has made me money the past year.
Not a lot of support between 27.30 and 25.90, so keep your stops ready, and good luck. Not financial advice, I'm an awful trader, but NTGR has made me money the past year.
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