Friday, January 12, 2018 1:17:47 PM
PCMI - looks to me from the daily chart that the pps was manipulated by the HFT bots to reverse down when the RSI hit 50 and put in a bottom yesterday when the RSI was made to hit 30. Maybe there's something else going on but i couldn't figure why the pps didn't stay above $10 some days ago and was instead immediately flung down to the bottom of the trading range. The RSI channel between 50 and 30 is the only thing that makes sense, technically. Btw, the weekly chart shows PCMI to be very oversold on the RSI for some time now, way down in the 20s.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
