It does not matter if you are talking about a 1 minute chart or a monthly chart or anything in between. All charts can read oversold or overbought. If you notice on the chart where I pointed out the Overbought RSI reading when the price was $1.20/sh and how it fell from 1.20 to $0.80 (a 33% drop in price). That market was obviously overbought. But there was not market top formation in place so, that was pretty much a normal price correction. Today with a Double Top and a greater over bought reading on the RSI, I expect a greater than 33% drop in price.
News 
Market Data 
Discover 
