InvestorsHub Logo
Followers 5
Posts 524
Boards Moderated 0
Alias Born 07/22/2020

Re: ilovestocks85 post# 99544

Tuesday, 08/18/2020 12:40:34 AM

Tuesday, August 18, 2020 12:40:34 AM

Post# of 116608
'Sub moves'? What do u mean? I think what ClayTrader is trying to point out is that w the evidence from the chart that it has shown resistance at the exact same level last wk and this wk and the 1st move down from last wks high at .0145 brought the pps way down to .0078 below 1st support and this wk compared to last wk is showing lower highs so the nxt level of support sub penny is .005 regardless and the Commodity Channel Index is high coupled w a high RSI meaning it's overbought a due for a drastic downturn. If you look at the chart it dipped twice from .006s to .003s before heading north over a penny. Which is why i think that 1st move from .0145-.008s last wk is just the beginning of a downturn correction