do not cover, add short, 50% profits still on the table,, pps under $1 to 30-50 cents
now 4hours rsi is near 50.. too high... do no cover your shorts yet.. stock prices will drop another 50% at least
wait monthly RSI arouind 7 (now is near 20), so when RSi drops under 10 (-50%) many chance pps trades around 30-50 cents
I have an open order to buy around 30 cents
more shares with same money....
Short profits more than 50% from here
RSI too high....
vvus... just look at 20 years old chart and trace upper line btw peaks.. 6 - 7 years for next one...
mmmm nn my metrics tell me this cover process on the down-way could last one year more, and at that point would be wise to start a long position for the nex little peak (3 - 5)
my metrics tell me this cover process on the down-way could last one year more, and at that point would be wise to start a long position for the nex little peak (3 - 5)..i see 50% downside from now, so short and continue shorting is the best game you can play here for one year more at least... don't get excited for any green month, it is the game....And the next big peak (around 22's) could happen in six-seven years from now..
RSI now too high (30's)... I won't cover my short until RSI drops under 10.. maybe in 2 weeks after earnings.. at thap point i will switch to long