Replies to post #6617 on pilgrim's progress

[apilgrim2]

Morning MG,

Thanks for stopping by.

RSI14 on the daily chart is at 30.25 parallel to the 30 and did not drop below 30 yet. Unless there is a negative article from "Seeking Alpha" it should be close. Today should be a telling point. Had an uptick in volume to me seems they thought near bottom.

At this moment 'imo' there is no definite indicator to show bottom and a turn around it does look CLOSE. May regroup here in this area made one drop through the $5.90 and if it goes further may consolidate around $5.75 or what seems to be a resistance level. Unless the 'natives' are skittish do not think it will see the mid $5.60...............and I could be wrong. Usually am! LOL!

My verbosity is only exceeded by my ignorance!!!

Take care.........pilgrim

A bumble bee is considerably faster than a John Deere tractor.