Rush Street Interactive Inc - Class A (RSI) comments on Wallstreetbets, Twitch and 4chan

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RSI

Rush Street Interactive Inc - Class A

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About Rush Street Interactive Inc - Class A

Founded in 2012 by gaming industry veterans, Rush Street Interactive, Inc. (RSI) is a market leader in online casino and sports betting in the U.S. RSI launched its first online gaming casino site, PlaySugarHouse.com, in New Jersey in September 2016 and was the first gaming company to launch a regulated online gaming site in Pennsylvania. With its BetRivers.com sites, RSI was also the first to launch regulated online gaming in Indiana, Colorado and, most recently, Illinois. RSI was named the 2020 Global Gaming Awards Digital Operator of the Year, and the 2020 EGR North America Awards Casino Operator of the Year and Customer Service Operator of the Year. RSI has been an early mover in Latin America and was the first U.S.-based gaming operator to launch a legal and regulated online casino and sportsbook, RushBet.co, in the country of Colombia.

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Recent Comments

RSI at 83ish on the 1 yr, and likelihood of sell the news on Fed cut

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Why would you buy puts when it's completely oversold and bound for an RSI reset?

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I agree, I just bought some, the RSI is showing that its oversold, lower Bollinger band was breached, and the MACD is curling upwards indicating its about to form a golden cross. (Do i sound smart yet?)

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not really, rsi is stretched to boot

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Today should be a red day. RSI showing spy overbought. Calls at open then.

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No but if you’re looking at a stock like Tesla and you can’t rely on fundamentals, you’re essentially riding momentum. So if the stock is trading above VWAP, and SMA and is breaking resistance and holding for more than 5 mins, and the RSI doesn’t bottom out to sub 25 for more than 5 mins, that’s a pretty clear signal that buyers are in control and price will continue to rise, a simple look at at the tape for the day and seeing higher lows being made and attending upward SMA means it’s going to keep running.

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UPS will be the next no-brainer though, don’t give up on it. It’s hitting a major double-bottom right now (support level from 2004, 2006, 2012 and 2020) so I bought some shares here. If it breaks down a little further, $72 is a massive Fibonacci level along with even better support. There are also hugh open gaps to the upside (like with UNH) that need to be filled… and bullish-divergence on the (very oversold) RSI. Top that all off with the fact that UPS gives great dividends just for holding it and you have a recipe for a no-brainer buy-and-hold at $84 and even more-so IF it gets to $72. Oh, and don’t forget it’s the holiday season of giving (and shipping boxes) soon!

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