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stocker83

12/11/14 7:09 PM

#27464 RE: monkeybuilt #27462

High stochastic means it's overbought. Right now if u look at any timeframe it's oversold so would be below 20 in stochastic, hence would see a reversal to the upside. So no it's not overbought it's actually oversold. Www.seekingtechnicals.com talks more about technicals if u need a read up