NCLH is oversold at support; wait for RSI reversal to confirm a buy.

Norwegian Cruise Line Holdings. N C HL. Did I get it? No. NC LH. Yes. NH. Norwegian Cruise Line Holdings. Got it. This took me a second.

Now, this looks this looks like the mirror image of Skyworks. Here we have a stock that's really oversold that's at a support level. So, now it's again the mirror image. Now, it's the buyers who start to look around and think, "Gee, this stock's not going down anymore.

New buyers must be coming into the crowd here. I know the sellers are going to go to whoever is willing to pay the highest price, and I don't want to miss out. I was bidding 14.5.

I'm going to bump that up to 1480." Next guy's like, "He's at 1480. I'm going to go to 1490." Right?

So, but again, the key is wait for the reversal to actually start. like if the RSI line turns higher or someone who's more risk adverse might wait for the RSI line to cross back above this lower red threshold.

So think about right here we got to a former support level and when the RSI line turned higher it was a good time to buy right on this day right there you would have gotten it.

So it was kind of the same thing. we're at a support level, you know, I mean, I I know what these guys do because it says in the name, but I don't know about their earnings or how many ships they have or whatever, but I know in markets when things get oversold and get to support, there's a good chance they reverse because that's just how markets work.

And that's humans. People come into this thinking it's math. Like I have a lot of I have a hard time teaching people that are engineers or people that are doctors because they think logically and they try to figure this out logically.

But people aren't logical. The market is people right like right here. How is it possible that it was a fire sale? Like oh you know sellers are panicking. They're run for the doors and then two days later we're now like the greatest thing since sliced bread and people can't get enough of it.

Just like that. Think of how quickly the sentiment changes.