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Dr PennyStock

11/24/14 3:19 AM

#269274 RE: mrfence #269273

But we can't change the charts, we need to analize the chart as it is, and, even if I agree that the stock may run soon, first it needs to pull back more or less to where I say on the chart, to find rock solid support, to gain volume and momentum to break the double top at 2.61 - 2.58.

Dr PennyStock

11/24/14 3:29 AM

#269275 RE: mrfence #269273

I do not use that feature, I use the KISS rule, for me TA is and nees to be very simple, so the RSI line is pointing up, it means the stock is strong and should go up, or is pointing down, or turning down, and, it means that the stock is losing strength.

In this case, the RSI needs to test the 50 line as support, and, probably it will bounce off of it, causing the run to break the double top.