$HOOD RSI down to 14.1,
$SOXL RSI smashed down to 17.6—two 4-hour extreme oversold conditions, and the knife is already stuck into the floor.
First, look at
$SOXL Current price: 139.50
24h change: -15.34%
24h volume (turnover): 2.1B
Mark price: 139.59
Funding rate: 0.009%
A one-day drop of 15% for the semiconductor ETF contract, with RSI at 17.6. This isn’t a normal pullback—it’s a stampede. But the $2.1B turnover suggests someone is taking it, not a slow, low-volume slide.
Nini’s plan: Around 139, I won’t chase shorts. Wait for a rebound into the 145–148 range and watch the volume. If there’s a breakout with strong volume but then stalls, I’ll short with a small position; stop loss above 155. If you want to go long, wait until RSI is back above 30 and the 4-hour candle closes green—don’t reach out before the falling knife hits the ground.
Next, look at
$HOOD Current price: 106.74
24h change: -7.75%
24h volume (turnover): 21.32M
Mark price: 106.68
Funding rate: 0%
Brokerage ETF contracts are down 7.75%, with RSI at 14.1—more extreme than SOXL. But the turnover is only in the tens of millions, liquidity is poor, and it’s easy to get needle-like spikes.
Nini’s plan: I don’t touch this. Volume is too thin, and oversold could also mean a value reversion. If you really want to bet on a rebound, place a small-position buy order under 105, stop loss at 100, target 115–118. The risk/reward can work, but position size must be small.
My take: For a stock with this kind of size, if RSI on something like SOXL drops to 17, there’s usually a technical rebound within 48 hours. But a rebound doesn’t mean a trend reversal. In a downtrend, going long is you earning the money of the ones who run faster.
Got ideas, bro~ come let Nini tailor your own strategy 💕
#SOXL #HOOD #Oversold