Replies to post #115224 on Liquidmetal Technologies Inc (LQMT)

[Watts Watt]

RSI for LQMT as of Friday is 65.75

[Chas42va]

It's the relative strength index

and it just means how many buyers there are any given point in time over 70 is high and under 50 is low

[ngsww]

To put it simply, it shows whether a stock will have a correction to either the upside (oversold condition) or downside (overbought condition). It is a very reliable indicator that most traders use, therefore it must be respected. What RSI does not tell you is what the resulting PPS will "correct" to. Some stocks can come out of overbought, with a relatively small hit to their PPS, especially if it has legitimate interest...I believe this is what is happening to LQMT right now. Coincidentally, the recent uptrend was a correction coming out of major oversold.