RE:RE:If this closes at .195 today we are DOOMEDTechnically, it's entered oversold territory today based on the daily, with RSI at 28 (under 30 is oversold, over 70 is overbought) as of this posting. Need to assess after the close to confirm.
This doesn't necessarily mean it bounces today as RSI values can go much lower, but it does increase the chances of a bounce during oversold conditions.
If the bounce takes it over .21, then .235 is the next target, but if it can't, then the downtrend is still intact.
Moetown1 wrote: How's oversold looking Steve? Not yet?