InvestorsHub Logo
Followers 0
Posts 74079
Boards Moderated 1
Alias Born 01/22/2006

Re: Fiddly post# 38446

Monday, 07/24/2017 9:33:50 PM

Monday, July 24, 2017 9:33:50 PM

Post# of 346837
Heres the stock you mentioned. Can someone tell me how to trade this major moved based on JUST the RSI? It was overbought on the FIRST day of the breakout...

Penny stocks like AMFE are even harder to use the RSI by itself, because of the percentage gain potential from a large stack of $$ hitting them. When a stock is seeing momentum, especially one with underlying fundamental improvements, the INTRADAY charts need to be followed. The daily chart by itself wont tell you how much that RSI can continue to stay in the overbought zone...


My postings contain many opinions. So please do your own research
and validation.