What you're forgetting is that RAYS is a promo. It's chart, is wacko because of it. The RSI has been overbought since this started Oct 10th. Promos behave different than 'normal' stocks. You can't judge when to buy or sell, just using the chart. A much more important tool to judge when to sell would be using L2, watching it closely. That and price action/volume movement. These tell you a lot more information than typical charting would because RAYS is just a promo, not a stock you can go very long on, in my opinion.
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