Thursday, October 18, 2012 1:40:23 PM
The last run we had back in August, RSI went as high as 84 before it began to recede. It was at $2.56 at that point and went as low as 2.39, at which point the RSI dipped below 30 and started climbing again. That was roughly a 7% drop.
If that happens again, that would put us at $2.75. I think we have a lot of momentum now and starting to see things come to fruition.
I might take a little off the table and try to trade these highs and lows. What to do... what to do!!!!
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