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Re: Cerp post# 39416

Tuesday, 05/21/2013 7:12:25 AM

Tuesday, May 21, 2013 7:12:25 AM

Post# of 66390
It is difficult to predict today's behavior, on the daily chart, the RSI has still room to run, despite being on the overbought zone, and, the volume didn't increase much, so it doesn't suggest sell pressure. On the opposite side, the +DI is high, and, the candle is a High Wave, that usually suggest a top, when done during a run and, when some indicators are already indicating overbought situation.

So, a pull back to .04, more or less, and, a couple days trading sideways is a possibility, but, also a continuation of the run.

On the short-term, next 2 weeks, a continuation of the run is guaranteed, no doubt.

Cheers
Dr Pennystock

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