Posted On: 05/26/2016 11:58:27 PM
Post# of 2561
Re: MoneyForNuthin #2291
RXMD sure is MoneyForNuthin,
For those following along, you might wish to review of my post of May 21 (below) discussing the slightly overbought level of the RSI, and also the need to incorporate other indicators into your technical work. The stock did break and close over the MA50 on Friday, a strong technical indication at .039 that we would probably see further upside. RXMD climbed another 25% after that event. As noted in my post, the MACDs still had a way to go. The candles are also back within the bollies, which is also good. I would, though, keep your eyes on the FullSto and faster MACDs. As a side note, I did sell one half of my position in the mid to high .40s the last two days. Those are the shares in which I re-entered in the .03s. I'm not suggesting anyone to sell. Those funds were used to accumulate more to my favorite stock, IORG. The .20s and .30s are very inexpensive imo. GLTA
Here's the post for those who want to take a look at my previous chart, technicals and thoughts:
http://investorshangout.com/post/view?id=3769349
For those following along, you might wish to review of my post of May 21 (below) discussing the slightly overbought level of the RSI, and also the need to incorporate other indicators into your technical work. The stock did break and close over the MA50 on Friday, a strong technical indication at .039 that we would probably see further upside. RXMD climbed another 25% after that event. As noted in my post, the MACDs still had a way to go. The candles are also back within the bollies, which is also good. I would, though, keep your eyes on the FullSto and faster MACDs. As a side note, I did sell one half of my position in the mid to high .40s the last two days. Those are the shares in which I re-entered in the .03s. I'm not suggesting anyone to sell. Those funds were used to accumulate more to my favorite stock, IORG. The .20s and .30s are very inexpensive imo. GLTA
Here's the post for those who want to take a look at my previous chart, technicals and thoughts:
http://investorshangout.com/post/view?id=3769349
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