InvestorsHub Logo
Followers 14
Posts 366
Boards Moderated 0
Alias Born 04/21/2011

Re: IKE2511 post# 87051

Friday, 08/10/2012 4:38:50 PM

Friday, August 10, 2012 4:38:50 PM

Post# of 232509
The RSI touched 80 back in February at your so called obvious sell indicator...the price at that time was in the .001 range. A month later, with the RSI STILL above 80, the price was in the .023 range.

A high RSI only means one thing, that there is incredible strength in this stock.

The chart looks beautiful. KMAG ran from .004 to .015 and then retraced to .011. (A very beautiful ~38% fibonacci retracement) and steadily rose all day today (FRIDAY none the less) to close near its high.
To top it all off, JR said we'd get news this week and we did.

You have to be blind or in denial if you can't see where this is headed next week and beyond.