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Just noticed WLTH hit some interesting technical levels on the charts. The stock dropped to $8.15 and its relative strength index fell to 28.5 - that's oversold territory if you're looking at the technical side. For context, that's way below the SPY which is sitting at 53.4, so there's definitely a disconnect here.
Warren Buffett's whole thing about being greedy when others are fearful keeps coming to mind when I see these relative strength signals. The 52-week range is $7.91 to $14.88, and we're basically near the bottom of that range at $8.18. When you see this kind of selling pressure combined with an RSI that's been beaten down this hard, some traders start looking for potential bounce opportunities.
Not saying it's a guaranteed move, but the relative strength readings do suggest the heavy selling might be running out of steam. Worth keeping on the watchlist if you're into technical setups.