Posted On: 08/16/2016 12:04:32 PM
Post# of 22940
$TPAC Very nice to see .002 earlier this morning, but also very nice to see we are cooling off and consolidating while moving up.
Yesterday, just after close, our RSI was at 75 while at .0017. RSI obviously went higher than that as we hit .002. The chart needs to keep cool in order to provide for a sustained run.
The last thing we want is to have an RSI of 90+ and an overbought condition just as the reconstruction is released. That could end up being anticlimactic, to say the least.
If we can hang tight in the RSI 70 range, alternating red and green, while slowly inching the pps us, we can have a sustained move upward in price, all while leaving room for a bigger short term move once the plan of action hits on the 26th.
Without omission, RSI was mentioned above to keep us prepped and on target, but also should be mentioned is the accumulation/distribution line. Investors are buying and holding. One look at the steadily spiking accum/dist line shows us the true sentiment. Chart cooling is just a making of room overhead for us to move up again. Looking for .001's to go the way of .000's and dinosaurs. Patience.
Yesterday, just after close, our RSI was at 75 while at .0017. RSI obviously went higher than that as we hit .002. The chart needs to keep cool in order to provide for a sustained run.
The last thing we want is to have an RSI of 90+ and an overbought condition just as the reconstruction is released. That could end up being anticlimactic, to say the least.
If we can hang tight in the RSI 70 range, alternating red and green, while slowly inching the pps us, we can have a sustained move upward in price, all while leaving room for a bigger short term move once the plan of action hits on the 26th.
Without omission, RSI was mentioned above to keep us prepped and on target, but also should be mentioned is the accumulation/distribution line. Investors are buying and holding. One look at the steadily spiking accum/dist line shows us the true sentiment. Chart cooling is just a making of room overhead for us to move up again. Looking for .001's to go the way of .000's and dinosaurs. Patience.
(12)
(0)
Do your own DD. Assume everyone here is either an amateur trader/investor or a paid interest such as a compensated pumper/basher. My posts are strictly for entertainment purposes. I am not on Wall St., do not work for a group, and only get paid when my personal investments materialize. I am only responsible for my own gains and losses; no one is to blame for my mistakes or for any advice taken from postings; likewise, I am not to blame for any advice you take of mine, regardless of gains or losses from doing so. Good luck to all; may you live long and prosper greatly.
Scroll down for more posts ▼
