Integrated Ventures Inc (INTV)

[ddaurelio]

@MikeC. Good points. Like all technical indicators, RSI can be helpful in making an objective decision on market conditions. It is definitely helpful in determining market exhaustion, but it's always a good idea to use it in conjunction with other indicators such as momentum, money flow, ADX, etc. However, even then, there are other market factors (especially in the OTC markets) that sometimes defy the "truth" the technical indicators would have us believe - like when a buying (or selling) frenzy occurs, seemingly out of nowhere. Personally, I would prefer to see INTV steadily climb to new levels, building significant support along the way, rather than rocketing up with no sustaining power behind the move. Although those 80+% up days look great on paper, they are most helpful to day-traders and swing traders. If we are to have any hope of this hitting $4 so it can be uplisted, I believe the most viable path to that is deliberate and steady upward momentum with new money flowing in and establishing solid support levels. When the inevitable pullbacks occur, it's always nice to see a critical support level hold; it gives confidence to investors that the upward move is legitimate and sustainable. GL!