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Re: TripTrap post# 20070

Tuesday, 07/20/2021 7:05:13 AM

Tuesday, July 20, 2021 7:05:13 AM

Post# of 37855
The daily RSI has now gone below the value of 30 to 29.75. This is a rare occurrence for SIRC and indicates we are severely oversold. It's not a magic indicator but is uncanny how it picks off bottoms on the daily chart. Expecting a reversal up imminently.

Remember too that price has been consistently finding resistance at the 5 minute 250 EMA since June 30th. At this moment the value is at 46.50. We need to climb above that price to show we have a real trend reversal happening. Beyond that expect to find very stiff resistance at .50.

Glad the Q&A went well... Go SIRC!!

JMO...anything could happen!

Going to be gone for the better part of the day on my road bike but plan to check in occasionally.

Hang tight!!

"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 -