NNRF Inc (NNRI)

[stocktiger]

We hit the oversold area today - time to start accumulation


The stochaastics have finally gone below 20. That is the place I use to show that a stock is oversold. You can see it broke above 20 last time when it started the move in March so this cycle of (below 20 to above 80 to below 20) is about complete and it can soon reverse and move back up. When it does that, we watch when next time it goes above 80 then drops below to take some profits.

This method will not get you in or out at the best price but not bad. On NNRF it got you in about $0.80 and out about $8.00 for a 1,000% gain.

It will pretty soon move back above the 20 and I started buying back any trading shares here as was wanting to see the oversold reading that came today. You may notice that the RSI stayed very near 50 on this pullback and that shows (hence its name) the strong relative strength in the stock.

This is a normal cycle. I have drawn a line that shows where the buy and sell points were and show that we are again in an area to start accumulating for the next up cycle.







While we are paying attention to the real situation we see that those like

cautious_trader - gibson99 are new bashers - they both (or maybe one person) bother to create a profile just for that --

may as well not take up the number space on the list.