RE:RE:RE:RE:RE:RSI still too highBCsilver wrote: I see a ton of down side , first test 50ma if that fails , .61 , if that fails retest the lows.
It does not help key levels on the S&P 500 failled and will drag everything down now, dyodd
CruelCanuck wrote: At .72 it is under 30 ( oversold). I was actually about to correct my statement.. You beat me to it.
There is very limited downside here.. I see a bottom around .68 area.
Not trying to argue here, infact I like constructive criticism so that I can learn what ever I can, which is why I always read your posts (BCSilver).
But, considering that FCU has a huge advantage over pretty much the entire sector with their huge investment, not to mention the huge bids from .67 to 0.71, I think in the short term at least, that the downside at this point is limited. The MACD is pointing towards a bullish pattern and the DMI certain shows that trend. Now I am no day trader, nor am I claiming to be a pro here, but, from my limited experiences, this is a pretty decent buy at 0.72. In fact, I've even picked up a few shares.
Please do correct me if I am wrong, I wont bite. ;)