The stock is currently oversold, as indicated by the RSI. However, it hasn't formed a strong base, which is a period of consolidation before a potential reversal. Therefore, it's advisable to wait for a clearer sign of a reversal before considering buying.
Buy and sell so you can sleep better at night. If you lose sleep after a trade, evaluate why you bought or sold.
Disclaimer: Please be informed that all stock picks are solely for educational and discussion purposes; they are neither trading advice nor an invitation to trade. For trading advice, please consult your remisier or dealer representative.
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