BB, thanks for the ATNG chart, and good work! im impressed by the response from u boys. The indicators you pointed out on ATNG are all bullish. In particular, the ADX you drew is amazingly positive, not too often that you get to see an ADX almsot touching 40. I didn't even realise it until i saw your chart. Pretty impressive for a stock thats just doing an upward reversal from its low.
Do you think that there will be a squeeze on this tomorrow or dayafter? I read that ATNG has been heavily shorted, and if the action it got on Friday continues, we could be part of a tight squeeze. I believe (dont quote me on this) that the action on Friday was a result of an expected news release. If thats true, then between the news release, the squeeze and the MM's trying to do a buyback, we could be getting ourselves into something thats about to turn into a blowup stock, dont you think?
I also see your point on VRMD RSI. I think you're right considering the fact that RSI is calculated on a 14 day average, it makes sense that an RSI 0ver 70 could reflect only the recent buying pressure, not an overbought status.
Similarly that also explains ATNG's bullish RSI of around 50.