Elite Pharmaceuticals Inc (ELTP): The RSI doesn't work as well with large...

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Re: conix post# 227523

Monday, 09/19/2016 1:27:28 PM

Monday, September 19, 2016 1:27:28 PM

The RSI doesn't work as well with large moves so you need to take out the tails on a normal curve. With that in mind it is actually at 30. Technical trading isn't really meant for OTC stocks though. The volumes and number of investors are too small. Especially if MMs dominate the volume like they do here. To get a move here we need more demand (buyers). That isn't going to happen without news.

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