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RXi Pharmaceuticals Corporation Message Board

  • helpme_hanna helpme_hanna Mar 10, 2014 10:54 PM Flag

    Very unusual chart

    A May 2012 to now chart shows:

    1. We actually are at a high historical level. There was a brief period awhile back when we rallied higher but 6 represents a significant milepost.

    2. We are not overbought on any any indicator but, generally, neither are we oversold.

    3. Volume has been quite high recently, compared to historical levels.

    4. Most remarkable, there has been a dramatic and unrelenting disgorging or distributing of this stock. Even so, the stock has held its ground around 6. That, to me, is amazing. I have very rarely seen such a divergence between one indicator, viz. accumulation/distribution and virtually all other indicators (except money flow, which always closely parallels accum/dist.)

    In light of the above, I will keep my stop at $5.5 and will refrain from buying more until and unless the distribution stops. Once the distribution turns to accumulation and the money flow turns positive, watch out. The chart is indicating that while their are more skeptics than believers right now, the believers are not being bullied much.

    Very interesting and curious chart.

    So helpme_hanna

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