lowtrade

[I M Foe Deep]

CIM just pierced back inside the lower bollie of the 200 moving average on the 4-hour chart, while the RSI 100 is at all time lows and just now turning up - a combination of TA that has proven very profitable for me.

For some reason price really reacts to the 200 period Bollinger bands at the 4-hour level, especially when it coincides with an extreme level at a high RSI value that isn't too reactive to short-term price swings and really shows just how oversold/ overbought a stock has become (where you have to actually go in and draw the oversold and overbought levels and can't necessarily depend on the 30 and 70 levels as representing true oversold and overbought regions, respectively).