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    Deanna
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    The stock has been steadily declining since the start of 2023 and technical indicators show it has reached an oversold position. When the stock last fell into oversold territory in October 2022, it saw a steady increase over the next two months without becoming overbought. Based on this, the recommendation is to BUY the stock now as a change in the downward trend appears imminent.

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    Heromotocorp Investing analysis

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    The stock has been steadily declining since the start of 2023 and technical indicators show it has reached an oversold position. When the stock last fell into oversold territory in October 2022, it saw a steady increase over the next two months without becoming overbought. Based on this, the recommendation is to BUY the stock now as a change in the downward trend appears imminent.

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    9 views1 page

    Assignment 2

    Uploaded by

    Deanna
    The stock has been steadily declining since the start of 2023 and technical indicators show it has reached an oversold position. When the stock last fell into oversold territory in October 2022, it saw a steady increase over the next two months without becoming overbought. Based on this, the recommendation is to BUY the stock now as a change in the downward trend appears imminent.

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    © All Rights Reserved
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    Assignment 2

    The stock is steadily going down since the beginning of 2023. From the MACD and RSI charts we can
    see that we have reached the over sold position. Last time in October 2022 when the stock fell below
    into over selling position, we saw a steady increase over the next two months but did not cross the
    over bought line. Hence my recommendation would be to BUY currently as we are just about to see
    a change in trend.

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