Enzolytics Inc (ENZC)

[foxi]

Here's a great starter tutorial on RSI,

https://www.investopedia.com/terms/r/rsi.asp

Also, I'm not sure who you're quoting. My quote was:

If we see .02's this week, this may reach breakdown on weekly RSI, which hasn't happened since January 2016 - April 2017. Hopefully there's a rally, but if not, lookout below.

"this may reach breakdown on weekly RSI" refers to RSI entering oversold territory, an important signal for using this metric. I could be clearer by saying price may reach breakdown and RSI will cross into oversold. "Hopefully there's a rally, but if not, lookout below" is saying the RSI being this low indicates more pain ahead for shareholders ie "a future significant decline in the stock".


RSI is often combined with other TA to try and predict if a stock will rise or fall. It's not a perfect predictor by itself so we combine it with other metrics like Moving Averages, MACD, Bollinger Bands, volume analysis etc and chart it across multiple periods to see which metrics align and help to confirm trade signals like "overbought" or "oversold". Some traders don't fly by charts in the OTC, which is understandable; and news generally trumps charts - but charts are a useful resource for many folks.

RSI on shorter term charts has fluctuated between oversold and overbought throughout ENZC's 97% decline. I've used it to successfully swing trade ENZC with shares that aren't my core. If you don't know how to use RSI, I suggest you read up because it's a great tool!


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