GREY:EORBF - Post by User
Post by
Carlos66on Sep 12, 2016 2:09pm
140 Views
Post# 25228920
Technicals say oversold
Technicals say oversold---for now
---downward trendline broken in Oct./2015
---broke above 46c (former resistance level) in July
---presently trying to break above 50c, but in oversold territory (RSI & CCI)
---OBV still rising since Oct./2015, but not above its Oct./2012 highs.
---price action starting to look parabolic which is not good as gravity eventually takes hold.
Better to see a slow steady rise in the SP.
---short term correction or pause coming. Hopefully it comes as the same time as the general mkt correction; so we don't get a double kick to the downside.
carlos