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In this video Bob does technical analysis of NLS which is a stock which is oversold as measured by the Relative Strength Indicator or RSI. The key to contrarian trading is to buy at historical support levels and to know that this stock is not an investment. NLS is purely an oversold swing trade to the long side.
The key to profiting from extreme oversold trades is to understand why a beaten up stock would rally. In the case of Nautilus (NLS) the catalyst is a short covering rally.
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