GREY:CVHIF - Post by User
Comment by
SkipperTon Mar 14, 2017 11:14am
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Post# 25976319
RE:Normal technical pullback
RE:Normal technical pullbackYes, one should expect some profit taking after such a quick run up. I was lucky in doubling down at $0.85 but my average is still 0.16. If it holds above the old .12 resistance level the next level should be around .30.
I don't feel that the RSI of 80 means much here as the stock has been severely depressed over the past year. The RSI figure is based mainly on the stock's movement over the previous 2 or 3 weeks generally. If the RSI for CXV was measured over the past year it would be more in the 20-30 range rather than 80.
CXV seems to be chasing PHM and there should be lotsof upside for both. JMHO.