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MFST Daily Chart ~ Sell Off After Trading in the O

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Post# of 2561
Posted On: 03/09/2016 10:37:25 AM
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Posted By: Big Tuna
MFST Daily Chart ~ Sell Off After Trading in the Overbought Levels

I was asked for a chart on IMMD. Here's another situation that if one had followed the technicals trading into the overbought levels of the RSI, FullSto and MACDs, they would have taken a few profits and waited for a reset. I don't have to explain much as I have circled the appropriate indicators, their overbought levels, and the subsequent crossovers to the negative side. I'm beginning to get quite a few requests now with similar technical positions. So the discussions last week of the RSI being a caution flag rather than the mis-termed power zone, has been of help to quite a few per message. GLTA

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