if it can stay above $45 today; i will buy
. . .
yep. we will see. like i said, i will only buy some if it holds 45 today. that is all. like i have been saying all along. i don't believe in tzoo. i just trade the stock
The fact that it is not making a higher RSI on a much higher high here, though, is a telling negative. It indicates not many people believe in the move.Look at the last peak at 31 in July. It went up 14 points in a week, hit an RSI of 80+, then pulled all the way back to the 50 day MA.In this case the 50 day MA is now 26.50
rsi at 73. plenty of room left till 95 or so.
The RSI is at its highest level ever. That begs for a pullback.
relative strength. that is how you play this stock.
Lol. Sure you will.