I just use google charts and am sure there are better. That said, when looking at rsi, I look at two time frames, YTD, and monthly, I do glance at the daily. RSI on the monthly is right about 52, no real buying or selling, and the stock hit 8 one month ago, and appears to be hanging right around 8.48-8.52 and basing. When I look at the year to date chart RSI about 19 the lowest reading since opko bounced off 6.14 with a reading of 8.6. Just curious if anyone sees the recent 8.33 as the short term low, it appears over sold long term, not so sure short term? Almost looks like rsi could retest 8.6, but that might only be twenty cents from here. OPKO certainly is undecided, so thoughts?
Burnaka, I only use 6 or 7 month charts, as I'm not a short-term trader.. most important to me is how it's riding the 20 ema, which is different than the simple m a. that's the first line of support, and so far, it's holding very well.
not sure what any TA means today with the MMs controlling almost everything. Just saw my portfolio bump up at 2pm. ROX up 35%??? no news (yet), nothing. patience is all I have for OPK coz it will just keep increasing in value for some time.
I basically have the same, by the chart, on the support side, I have no upside number. My gut feeling was 8.03 as max pain, but the chart says a little better. Opko will make a move on news, it will not be small, first stop 10.50 is my guess. 12 has been my year end target. Those two upside targets are based on my long position, my wishful thinking, and items on the 90 day time frame that might get opko there, : ) .