Replies to post #24689 on Electronic Cigarettes International Group Ltd fka

[The Whale]

Clay does not take the RSI into account when he does these video charts. I have seen him say a stock is going up with an RSI of 85 (clearly overbought) only to be destroyed the next day. As a result, his analysis is flawed most of the time. And he does not take into account news.

BTW. The RSI here is 21.72. Grossly oversold. And the buys at the end of the day on Friday were massive. See ya at .06 plus tomorrow. The "preliminary" 14A filing has already been plowed and digested by the market.

ECIG

[TESLA777]

Your chart looks a little oversold to me, I hear the I can eat Mcdonalds everyday chart has a coffin at bottom of it....

You have to be careful with these charts, it could just be propaganda being pushed by Big Tobacco or the Wisconsin Cheese Maker's Association to keep your mind off other things...

[Full Contact Yoga]

He's reading a basic chart...nothing unique IMO. He simply points out resistance and support. I've never actually heard him take a side, but what he looks at isn't hard to find or analyze.

[hawkeye612]

Now that is a relevant chart! LOL

[Crazy Money]

Dead Cat Bounce? :-D

[Bernie-UK]

Personally I think people use them or the same techniques to work out when to suppress a stock and work out where it might break. I.e. actually more use to MMs and shorters