Replies to post #2371 on Direct Equity International, Inc (DEQI)

[JDoggs_Money]

It's just a mental block thing on these sorts of stocks. If someone sees the RSI overextended (75+) for a few days, the thinking is the stock will take a step back to reset. Essentially what happened here. To many, the chart looks better now and ready for another leg up. Realistically RSI means absolutely zero in a situation like this one. This is not a technically driven stock at this point. Just waiting on fundamentals to drive this one.

[kairos]

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:relative_strength_index_rsi