RSI(14) reset in the low 70s,primed and ready for the next leg up!
We still may have another red day Monday if the 50 DMA doesn't cross the 200 DMA.If that happens I don't think the RSI(14) will go below 60s,and the pps won't break through the .0108 support level if the .0121 breaks.
If we cross Monday BOOOOOMMM,probably go to .02c and beyond.But looking at the past couple days of the chart,it looks like Tuesday the cross will happen,Wensday the latest. The cross is getting slowed down because the 200 DMA is starting to rise as well as the 50 DMA.The 50 DMA is .003 and the 200 DMA is .0032,Monday might be the day they will be the same.Maybe that fat fingered trade @ .09c will give the 50 the little boost it needs for Monday?LOL
More news Monday would help a lot too.LOL
Have a great weekend everyone!!
