I am getting back into stocks because the market has been bullish this year and my friend Justin is reporting profitable gains. I am considering entering larger positions of these once the market opens.
I did some research today on some potentially great positions to enter. I believe the low RSI is prime or at a breakout.
This is a good alternative to Tesla. Tesla cars require Lithium batteries. Lithium batteries are in demand and have a low supply. This is a long term bet for that demand.
The RSI for this safe Japanese ETF is at the bottom. Good entry point with a solid, growing economy. Japanese portfolio includes Toyota, Sony, among other top companies. Solid dividends.
An AI and robotics ETF. The management fee is quite high at 0.69%, but I believe this category will have the most tremendous growth, even during a a bear market. Why? AI will only continue getting more popular. People may lose jobs, but this industry will be there to replace the unemployed. Maybe I'm thinking too far ahead, but this is a solid short or long term play.
No dividends.
The price of this asset is pegged to gold. GOLD. It's not Bitcoin, but the RSI is at the lowest we've seen in a long time. This can be a very safe profitable swing trade. Currently, the USD is on a tear! But as the tide turns, this would not be a bad holding. For me, this play is quite boring but I may enter.
Clean energy and solar companies. Large growth potential oversold.
This is my current holdings for speculation. I am considering replacing AMD as it has become overbought with a high RSI.
Outlook tomorrow:
ENG Enigma broke out after I sold it. It is such a solid project I did not have the fortunes of HODLing. I would not get into Enigma until the RSI cools down. It still has solid upload RSI potential.
The problem with this project is that it has a very long roadmap. Undervalued team of MIT engineers, but may take time to pop gain real traction in this bear market.
I am keeping my eyes on this solid project.
I have transferred most of my cryptos off the exchanges. I trust Binance, but I want to HODL my cryptos somewhere safer.
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