What you say about stocks remaining in the Overbought area for along time is true but, there are other factors that allow for that and those factors are not present on the ICPA chart. What is present is long Bearish Divergence between the RSI and the Stochastics on the hourly chart. and a developing rising wedge. Those are red flags. I took profits this morning. If that turns out to be a bad decision, I can always get back in again. But, in either case I have captured a very nice profit and in my opinion, the odds are very good that the price will drop and fill the gap around $0.012. If it does, I will have the option of accumulating more shares with my profit. What's your option if it does?
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