OTCPK:EMMBF - Post by User
Post by
betsonvalueon Dec 05, 2018 9:53am
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Post# 29067501
Scale in
Scale in Probably reasonable to start scaling in here. I know I've been saying it would be dropping... it has. The RSI on the daily has hit ~31, so I expect a fair amount of support here. There was also a very tight trading range yesterday. If anyone knows the Chande Trend Meter it is ~12 on the daily & 10 on the weekly (this is how I spotted the drop). Now that it has bottomed it can't fall much further - maybe to 8 or so, which is as low as I've ever seen it.
Don't throw everything you got at it. I also don't recommend averaging down -> usually leads to having too much in one place (some exceptions). GL all!!