Replies to post #3320 on Cartel Blue Inc (CRTL)

[PremierStocks]

I agree totally. RSI (relative strength index)
Overbought/Oversold
Wilder recommended using 70 and 30 and overbought and oversold levels respectively. Generally, if the RSI rises above 30 it is considered bullish for the underlying stock. Conversely, if the RSI falls below 70, it is a bearish signal. Some traders identify the long-term trend and then use extreme readings for entry points. If the long-term trend is bullish, then oversold readings could mark potential entry points.

Essentially its not a concern if its over 70. It is rather 100 percent confirmation of the bull! Look for it to FALL below 70 for a possible retrace, while above 70, its a buy signal. the largest GAINS are often seen over 70. They can be sustained for weeks on end easily.