Emblem Corp EMMBF

RE:RE:RE:RSI of 24 ?!? LMAO

[GreenNme]

I called it. 2.75. Can take my %10 which is 12k and bounce rn. But I won't. Not time to take profits yet.

GreenNme wrote: The bottom has already passed in the 2.30s IMO. I expect a lil selling pressure in the morning but then a lot of short covering. If we look to the cheap ACB shares released on Dec 10 and SL shares on Dec 30 as an example, the low was in on the Friday before, and both went up %10 the Monday and Tuesday after. No different here. Only difference is this may have a bigger bounce due to how oversold it got. RSI of 24 here is a screaming BUY. I say history tends to repeat itself in this sector without us noticing much, but if we paid attention to these details it may increase our chances of profiting. For example, in hindsight, would it not have been a great idea to short ACB a week before the unlock, Or SL on the week prior, or even here imagine if u shorted this on Monday, covered your short today then went long near the end of the day! LOL easy %20 minimum both ways in just over a week that's %40. Maybe more.

TheInsider wrote:

GreenNme wrote: There is a HUGE correction coming to the upside next week, this reached ridiculous levels of oversold territory!! Earlier this week Brent said if this went into the $2.50 - $2.75 range he'd sell every stock he owned and load up...that's exactly what I did, average is in the $2.40s, almost 50k shares. GLTA.

If we get through Monday without making a lower low, the bottom is in IMO.

I've waited patiently for months for this buying opp.