RE:RE:RSI is 38.62Hey 1condor....I am not pulling numbers out of the air or picking my lucky digits....its all based on technicals for all to see....just look at a chart...its right there.....technicals say that it checks back to 63 cents especially when the RSI is above 30.00 at 38.62 and it tells you that on a bad trade day it could get there.....I have seen this happen many times before....investors get a built in confidence that the low 70s will hold and then once the ride down starts it quickly gets down to 65 then 63 and trades throught the support at 63....so thats why i say 61 is a favorable risk reward and as it heads down to that number the RSI will be in the high 20s and there we go.....
I have learned from experience that you can't fight technicals and just when you think that you or I are smarter than the market.....the market hands you a very expensive lesson.....been there done that but I have learned.....if I am wrong and some news comes out.....no problem I have other picks on my watch list and will have discipline to get my price or move on to the next candidate....good luck!