there are two answers.. usually rsi on all stocks
Post# of 2198
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Posted On: 02/17/2017 10:23:00 PM
Re: BUMPERCARS #439
there are two answers..
usually rsi on all stocks is true/across the board...The only exception is when you have a hot penny stock. I saw mmj company spli go from .004 to .38 in a matter of 4 weeks. The damn thing,at .04, I thought was oversold.RSI was 85 and it just sky rocketed.
it only happens when you have a mm or hedge pushing it to the max. Every day 100k big boy orders were h
jumping the bid , causing Joe retail to hit the ask.
this can go to .20 in 3 weeks or less if big money is here.
I'd playback pullback, if i was a trader.Since rsi is usually right.But, this penny is getting more attention and the uplisting will only help that. ..not to mention no notes.I see .10-.20 min.
I think it will pull back, based on rsi.But I would not sell now based on rsi.One more news release takes this to .07-..09
jmho
ts
usually rsi on all stocks is true/across the board...The only exception is when you have a hot penny stock. I saw mmj company spli go from .004 to .38 in a matter of 4 weeks. The damn thing,at .04, I thought was oversold.RSI was 85 and it just sky rocketed.
it only happens when you have a mm or hedge pushing it to the max. Every day 100k big boy orders were h
jumping the bid , causing Joe retail to hit the ask.
this can go to .20 in 3 weeks or less if big money is here.
I'd playback pullback, if i was a trader.Since rsi is usually right.But, this penny is getting more attention and the uplisting will only help that. ..not to mention no notes.I see .10-.20 min.
I think it will pull back, based on rsi.But I would not sell now based on rsi.One more news release takes this to .07-..09
jmho
ts
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