Rsi means nothing when catalysts are inbound, especially when those catalysts pertain to the progression of a cancer treatment.
I could understand some people’s apprehension of getting in with it that high but every other indicator on both the daily and weekly chart are still climbing up.
As you know the RSI number is based on the time interval. To be more clear you should say the daily rsi is 89. This happens to be the most overbought of any interval you could have picked. For instance im showing the monthly rsi at only at 38.06 so we are still oversold there. Weekly is 59.71. 60 minute 62.66. I like to follow the RSI too but what ultimately should matter is what the market cap is compared to what the company should be worth. In this case we are WAY undervalued for a cancer cure/treatment.