Friday, February 19, 2021 1:52:33 PM
Look, The RSI was 94.26. The Stochastics were above 87 again. The money flow and accumulation were at highs again. Everything about the stock was screaming overbought.
It was simply a chart correction. There is no way any stock, let alone a CE, is going to run that hot forever.
Now we get the CE removed and here is what were looking at in the future:
https://www.barchart.com/stocks/quotes/UNSS/cheat-sheet
If the RSI only goes back to 80% were looking at .25.
Stocks have to breathe. They all have a heartbeat. They can't sprint forever.......
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