NYSE:IVAN.WS - Post by User
Post by
MustangMatton Mar 14, 2013 1:05pm
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Post# 21130320
HMMMM
HMMMM This is getting a little more interesting. The last 2 times Ivanhoe made up moves like this it went well into overbought territory on an RSI basis. The question in my mind, is history repeating itself here now and we should sell at RSI of say 75/80 or hold? The only reason I would think to hold is 1. I think this stock should be over a dollar and 2. What if some big JV or something comes up and I am out. This is where I have had trouble trading in the past and I am not 100% sure what the right call is. I am leading toward selling half if the RSI get way overbought and hold the rest. What to do what to do, trading is tricky it might be better to hold, especially If one believes the stock is going over a dollar. Conflicted, cheers Matthew