InvestorsHub Logo
Followers 23
Posts 602
Boards Moderated 0
Alias Born 03/02/2013

Re: mrKiteboarder post# 11802

Monday, 09/15/2014 11:59:33 PM

Monday, September 15, 2014 11:59:33 PM

Post# of 64591
mrKite...if you look at the charts any time we get to the MA50 and the RSI gets in the 56-57 range we hit major resistance. We got a nice push this morning because of all the pumping this weekend but ultimately we couldn't hold the line and it got sold into. Also, notice the double tap of the rsi in that range in the end of April and middle of August. If the pattern repeats we should see a bottom in the .0011-.0013 range a push back to .002 and if it can't hold that line again we may see it dip back to the .0009 range again. It will be interesting to see if this pattern develops again or if it just an uncanny coincidence.