News Focus
News Focus
Followers 2
Posts 716
Boards Moderated 0
Alias Born 06/06/2004

Re: **D*A** post# 143

Tuesday, 11/14/2006 7:17:21 AM

Tuesday, November 14, 2006 7:17:21 AM

Post# of 334
dumbas: Thanks. RSI 34.45 and increasing.

"Wilder recommended using 70 and 30 and overbought and oversold levels respectively. Generally, if the RSI rises above 30 it is considered bullish for the underlying stock. Conversely, if the RSI falls below 70, it is a bearish signal."

Accumulation is taking place and CMF is moving in positive direction. RSI and CMF are bullish. Stock has a long way to climb until RSI of 70 (overbought) is reached. Stock is still oversold.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today