Thursday, October 19, 2023 10:59:25 AM
Lots of volatility past 3 days. Trading range today (so far) much less volatile.
Accumulation rising again after the big dip on Tuesday. However, RSI still showing extremely overbought conditions with RSI jumping to over 80% yesterday (85.5%).
Based on these technical indicators, I'm expecting MGUY chart to level off in the current range. However, be aware that this is the OTC after all and sometimes charts and technical indicators can be completely thrown out the window. This is especially true if buying volume remains strong.
Disclaimer: Do not rely on my projections or opinions to make a buy or sell decision. Always do your own DD.
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