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TripTrap

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TripTrap

Re: TripTrap post# 20050

Monday, 07/19/2021 9:52:58 AM

Monday, July 19, 2021 9:52:58 AM

Post# of 37836
Like what I am seeing here on the open!

Gap down on the open! Excellent...shows excessive bearish volatility right at the wrong time for those retail traders heading for the exits. It may also be the last of the low priced dilution shares leaving the station.

Took out last week's low and if reverses would lead to a weekly hook reversal.

Took out the flat ledge left from the lows of 5/13 and 5/17 at @.44.

Daily RSI dipped below RSI 30 value. Way oversold and historically leads to reversals....sometimes huge reversals.

Bottoms are lonely gloomy places...hardly anyone on iHub at the moment and that is a bullish thing.

JMO...will see if this holds.


"It never was my thinking that made the big money for me. It always was the sitting. Got that? My sitting tight!" - Reminiscences of a Stock Operator -

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