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The RSI Divergence Trade: Two Shorts And One Long

Channel: Verified Investing YouTube

Watch on YouTube · 2026-08-16

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**Summary:** **Stock Tickers & Price Levels:** - Palantir (PLTR): Potential short opportunity, no specific price levels mentioned. - OKTA: Potential pullback, target around $120 (18% fall). - BONK (cryptocurrency): Potential long opportunity, target around $4 level if it breaks above $325. **Key Trading Strategy:** - Focus on RSI (Relative Strength Index) for identifying overbought/oversold conditions and divergences. - Look for bullish/bearish divergences to anticipate price reversals. - Consider head and shoulders patterns and trend lines for additional confirmation. **Indicators Used:** - RSI (Relative Strength Index) - Head and shoulders pattern - Trend lines and pivots **Entry/Exit Rules & Suggested Trades:** - Plan A: Short Palantir (PLTR) if price moves lower. - Plan B: Short OKTA if price pulls back around $120 before earnings. - Plan C: Long BONK if price breaks above $325 trend line. - Combine multiple technical analysis factors to increase odds of successful trades. **Timeframes Mentioned:** - Daily charts and timeframes. - Earnings date for OKTA: August 26, 2023. **Risk Management Tips:** - Don't hold positions into earnings if it's not part of the strategy. - Manage risk by combining multiple technical analysis factors to improve odds of success. - No specific stop-loss levels mentioned.
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