Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Just noticed RH hit an RSI of 29.1 recently, which means it's officially in oversold territory. That's below the 30 threshold where most traders start getting interested. Price dropped to around $155 per share if I remember right.
This is where Buffett's old saying comes to mind - be greedy when others are fearful. When RSI gets this low, it usually signals heavy selling pressure is starting to wear out. Comparing it to SPY which is sitting at 47.0 RSI, RH is clearly getting hit way harder.
Looking at the bigger picture, RH's 52-week range shows a low of $123 and high of $326, so even at $155 we're not at absolute bottom yet. But the oversold reading might be worth watching if you're looking for entry points. The kind of situation where be greedy when others are fearful actually makes sense - when fear is this visible on the charts, that's when opportunities show up.
Anyone else watching this, or is RH just not on your radar?