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S&P 500
5,303.37
(
-0.03%
)
US TECH 100
18,380.40
(
0.34%
)
Dow Jones
39,006.69
(
-0.16%
)
Brent Oil
83.40
(
0.67%
)
Bitcoin
67,749.99
(
-2.37%
)
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Swanny8506

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Swanny8506

Re: None

Thursday, 01/30/2014 6:27:12 PM

Thursday, January 30, 2014 6:27:12 PM

Post# of 74539
Question for the Board:

I am not an expert chart reader but have been picking up things here and there to further my trading ability. I was looking at the 3 day chart for GLER using 13 day SMA, RSI 14, and MACD 12,26,9. Today as the price was rising so was the RSI at first, then appears to drop as the price worked up to .0019. The RSI "reset" to around 50 when it dropped to .0016 and is now sitting at 63 with the price .0019. Does this mean that a new support has formed here, or is it losing strength or does it mean that it was able to "breathe" and should run up again. Any help would be appreciated.

These are my own opinions, always do your own Due Diligence before buying or selling any stock.

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