RE:RE:RE:RE:RE:If this closes at .195 today we are DOOMEDCorrect, and I just checked and N has never been oversold on the monthly or weekly as those would be sending powerful signals.
theticket wrote: It's not oversold monthly. Nothing supporting it till .14
Moetown1 wrote: Can't it technically stay oversold for a few days as well? I recently saw a stock drop from .74 cents to .52 (huge gap down) after terrible financials. Everyone was claiming oversold, it bounced between .52-.58 for a few days and now it's in the .40s so there was no real bounce and oversold disappeared from the days going by and the few cents that it went up.
So could that scenario not occur where where it may go back to .20 - .21 and then go lower then. 195 while making the oversold rsi go away?