TSXV:RHT.H - Post by User
Post by
Ghostofrljpon Oct 22, 2019 4:35pm
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Post# 30256264
New Box Forming?
New Box Forming?Note how the RSI and the MACD are overbought as they have been since the breakout beginning. In a trend Oscilators become meaningless. Its just math computing higher numbers as the market participants play up the value scenerio.
In a range the Oscilators become more valid as they simply show the price relationship hitting what might seem like boundaries. In a trend there are no boundaries other than a move up, consolidate move up. Or the reverse in a bearish scenerio.
KAMA going vertical as well showing the volume creating volatility in a rather bullish fashion.
As long as the webinar is on the money i expect we will see yet again another new box.
RHT Chart