OTCQB:UEXCF - Post by User
Comment by
st0ckpickeron Sep 30, 2004 7:57pm
233 Views
Post# 7990022
RE: Re todays price
RE: Re todays price I think most posters use the term overbought in reference to the oscillators you see in charting (MACD, ROC, RSI, Stochastics, etc.) The last couple of days action has remedied some of the overbought condition on my charts (RSI barely, ROC by quite a bit) but it will take a little bit for it to completely clear it up. There is no gaurantee that a stock will retrace just because it is overbought though. If you look at the chart of a stock like TASR it stayed overbought for the better part of 7 months during its mamoth ride. Could the same happen here? It could but my bet (literally as I have cut my position in half from its recent high) is that it won't. There doesn't seem to be widespread enough interest for that kind of run yet. I do hope to buy some of the shares back if we get a healthy retrace but if not I will be satisfied with what I have left.