Stock To Monitor - RSI Oversold

Titan Petrochemical and Pos Malaysia currently in oversold area using RSI 14 days. Both in downtrend mode and were traded near their popular fibonacci level, 100% and 161.8% level as well. See both charts below:

Titan Petrochemical Daily Chart

Bullish divergence occurred on this stock. Price set low while RSI 14 days not. Double bottom may exist for couple of days. Patience is virtue!

Pos Malaysia Daily Chart

My strategy for this counter is waiting for the bottom reversal which I expected that at the level 161.8% fibonacci level. You may also wait the chart patterns appeared and confidently enter the market with tight stop loss.

Happy trading and happy learning!