What you want to do is click on Show More Information for PCFG, scroll all the way down until you see the first chart (about 3/4 of the way down). Open a second Internet Explorer window so you can read what I'm telling you. There's a half dozen charts there but the top one is the Daily chart and it's the only one I'm looking at.
RSI typically indicates if a stock is overbought or oversold. Take a close look at RSI and see the number on the right says 36.60. It's getting WAY oversold. It hasn't been that low in a month and that was just before it shot from .0355 to .049
Slo STO (slow stochastic) is basically a timing indicator in a given range. Looking at that same chart, you can see two white lines that come closer together, that's called a pinch and the stock is ready to pop one way or the other. Slo STO was way up high when that pinch was happening. That's why I called the price of the stock to go down the other day, sure enough, it dropped like a rock. (This is why I said PCFG is going down independent of the gold price movement, it would have dropped anyways)
As a newbie, you want look at two indicators, RSI and Slo STO. If Slo STO and RSI are both at the bottom, it's looking bullish. If they're both at the top, it's bearish and is likely to go down.
You notice for PCFG, SloSTO about ready to do a climb back up along with RSI indicating PCFG is oversold, it's way at the bottom as well. It's way bullish right now.
If it does go lower, I don't think it'll go much lower, it's ready for a bounce.
If you read this closely and understood it, do this for all stocks you play in, you'll get it. If you get it, you owe me a bottle of whiskey. ;)
\\//_ Be Like Spock - No Emotions
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