ABA caught my attention. It's an interesting study about RSI. ABA's price is currently playing along a range, while its RSI is creeping upwards. A tell tale sign of something possibly might occur but without certainty. Sometimes it's just a dud. Nada.
In the future I'll post some examples where in there's this exact situation but it came out a dud. This kind of stock is a penny stock and burns people easily. Usually charting and technical analysis tell us some sort of story is brewing. But don't get me wrong... the story might just not be there. Mind you there's a gap between 0.90 and 0.92 ish... Not sure what happened there. Price just went for a free fall.
.png)
Author went back a little further in time and discovered this. RSI also demanded some attention. Series of higher highs and higher lows formed. For other details refer to the chart above. This will be a great reference tool.
Please do not buy and sell stocks because they are shown in blogs. Do mind what you are getting into. In the end you'll be the responsible one. My blog doesn't encourage people to buy and sell stock. This blog is for the author's reference and the public's entertainment consumption only.
No comments:
Post a Comment