Replies to post #23576 on Seven Arts Entertainment Inc (SAPX)

[looking 4 a win]

The RSI, is currently at 27.81%, below the critical value of 30, which suggests that SAPX is oversold. Although this does not necessarily mean that shares will rally, it is an indication that recent selling pressure is at a level that is not normally sustainable.

[sbc357]

Sounds like we are looking at the same charts. Yes today WOULD BE the crossover, and a buy signal, but for two possible exceptions:
1) If today, the price again drops precipitously down to say, around .06 or less, the crossover will not happen for another day or two.
OR
2) If the crossover turns into another overrun like it did in March. Then this could just be another signal to head out of town because this is not going anywhere for a while longer, possibly never.

Now, if the price begins to stabilize today and Mon., and it does not drop, the crossover will happen today and it will signal a buy. The buys have become VERY short-lived, so again I warn others - be very nimble!