Replies to post #22428 on Newlead Holdings Ltd. (fka NEWLF)

[Rhee]

Nah. I actually think it's overbought here. Think about it. Today's low was .058. It closed .643. In other words it closed 10% above the low. Factor in it didn't capitulate with a red exhaustion bar. Also, it has present downdraft momentum that can bring it to .05.

This said, tomorrow's pivot point is .07. But I think that was already touched in AH.