Tuesday, April 15, 2014 11:59:37 PM
Dude that is simply not true. Have a look at the chart. Since august of last year this stock has been doing the same thing every 1-2 months. Drops 40ish cents from a dollar to .60, bounces back up to .90ish, then drops and bounces again, and again etc. No matter what the long term outlook is why on earth would we sell before the bounce, and why wouldn't the bounce happen?
Also, why is the RSI where it is, if we have mostly selling? Why the huge volume lately? Last 2 weekly candles are doji on high volume signaling balance of buyers/sellers, so I see know reason why this wouldn't bounce back to atleast .70. What are you seeing?
Also, why is the RSI where it is, if we have mostly selling? Why the huge volume lately? Last 2 weekly candles are doji on high volume signaling balance of buyers/sellers, so I see know reason why this wouldn't bounce back to atleast .70. What are you seeing?
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