China Technology Global Corp (fka CTGLF)

[macdrsirules]

So is it oversold or not?

http://stockcharts.com/h-sc/ui?s=CTGLF&p=D&yr=0&mn=6&dy=0&id=p27973151041

RSI(14) says it is not oversold, but then again RSI(14) has only gone to 30 or lower once in the last 6 months. No false signals here.

SLOSTO says it is oversold and has shown 4 times to be oversold in the last 6 months. 3 of the 4 signals would have been very good entries. Pretty reliable as well.

RSI(10) says it is oversold and pretty much mirrors SLOSTO. Again 3 out of 4 signals would have been good entries. Pretty reliable as well.

In each case of oversold status with all indicators the PPS was below the 50 day MA and in all but the last oversold signal we got the last few days the PPS was below the 200 day MA.

Looks like a very good entry IMO. I will wait for a little confirmation before entry though.

OVERSOLD IMO.

GLTA