$indie Semiconductor (INDI.US)$ definitely in the overbought...
$indie Semiconductor (INDI.US)$ definitely in the overbought zone, but will see Monday if this trend continues
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just here to make some cash so I don't have to work anymore
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Nederhoed : For a day, yes! The bigger picture says way undervalued and is just now hitting a buy signal
Desaroe OP : You could be right, but we won't know till Monday
Nederhoed Desaroe OP : just posted my findings above in the comments
SpyderCall Nederhoed : Long-term and short-term downtrend don't look good. I would hate to fight the trend. But the semiconductor sector is very strong right now. So, any semi stock looks appealing. But this company is strongly correlated with tech for automobiles. If you believe that cars will be driving themselves in the future, then this is probably a good investment .
Nederhoed : I believe we will have self driving vehicles before flying. I know it is hard to go against the current, but looking at the other indicators, they are saying reversal. What tips this to favorable is the trend of Nvidia all the news out pushing this.