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Re: MC$Trader post# 109876

Wednesday, 06/02/2021 6:35:39 PM

Wednesday, June 02, 2021 6:35:39 PM

Post# of 198726
What will really move it is if we get to breakout on the 1 day RSI.

The 1 minute RSI fluctuates a lot! Trends might come and go within, well, minutes. Right now on TD I'm seeing 56 on the 1 minute, 68 on the 1 hour (which ran as high as 85 today), 72 on the 4h (currently in active breakout), and 61 on the daily (likely approaching a major breakout).

Breakouts on the scale of days are significant because they tend to last longer than the intraday charts and result in multi-day runs that move the price a lot. ENZC has had daily breakouts that lasted just one trading day, and others that lasted two trading weeks (like the run that took it to $1 earlier this year)

Analytics aside, I'm very excited to see price moving up!! And it looks like big volume has NOT moved in on it yet. (Volume is very strong today at 83 mil, more than double from yesterday, but I can scroll backward and see a day last year where 1.2 billion shares traded. At subpenny prices, to be fair.) Now if there could only be catalyzing news at the same time, it could be a perfect storm... :)