InvestorsHub Logo
Followers 4
Posts 249
Boards Moderated 0
Alias Born 06/20/2018

Re: None

Friday, 01/18/2019 4:12:33 PM

Friday, January 18, 2019 4:12:33 PM

Post# of 83055
This is the Daily chart of CVSI on Investing.com free charting...THe daily candle is called an Outside day Up...meaning that the entire candle from the low of 4.05 to the high of 4.43 completely engulfs the previous day's candle span and it finished the day above the previous day's closing price. This is usually, not always, but usually indicative of further upside on the daily chart. Also buying at the low today would have been sweet as the RSI indicated oversold (anything below 30) on the hourly chart RSI reached 27.09. Remember the hourly chart is the one day and swing traders frequently use to look for buy and sell conditions. Longer term traders use the Daily and the weekly charts more. Click on the chart to see it bigger :D Have a great 3 day weekend!