Posted On: 12/22/2015 9:44:31 AM
Post# of 2561
IFBC Daily Chart ~ Share Price Outside the Upper Bollie
Although I really like IFBC for the longer term hold, I have to stick with my technicals rules of when a stock trades completely outside the upper bollie. Therefore, I'm taking a few off the table now. The RSI is entering overbought area, which some call the 'Power Zone'. I call it the Overbought Zone. Additionally, the FullSto and MACDs are well in the nose bleed levels. I've circled the areas of short term concern for those not familiar with what I mean on the chart.
I'm not suggesting an immediate correction but it's close enough for me to peel off a few of the .003s to .006s that we bought in October and November.
Although I really like IFBC for the longer term hold, I have to stick with my technicals rules of when a stock trades completely outside the upper bollie. Therefore, I'm taking a few off the table now. The RSI is entering overbought area, which some call the 'Power Zone'. I call it the Overbought Zone. Additionally, the FullSto and MACDs are well in the nose bleed levels. I've circled the areas of short term concern for those not familiar with what I mean on the chart.
I'm not suggesting an immediate correction but it's close enough for me to peel off a few of the .003s to .006s that we bought in October and November.
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