123Tom's TA study group

[sab63090]

Tom:

I would go back to your weekly chart (5 years back) and note where the 1st oversold reading on the RSI was. (around $5) with RSI below 30.....then later in April 2024 when the stock hit this $3 area.....note the RSI reading....around 30, not below. Now, look at the stock price today which was below $3 and the RSI came in around the prior reading BELOW 30.....I think you can see what I am suggesting: a positive divergence now with stock at a new low and the RSI at a severe oversold level, but around the prior deep oversold reading........but I will read here and not post....I'm just watching for December and will most likely liquidate my position for tax purposes.....Good luck with your today's entry and sorry that we BOTH took hits.....the Shorts were prepared and BETTER INFORMED.....keep reading DOC328 and INVESTOR....they are disliked there, but seem to give good information, certainly better than I have attempted to do! Best, Steve