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Message: Re: Buy SLGLF, American Bulls
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Mar 28, 2009 03:11PM

Mar 29, 2009 01:22PM

What I see in the technical charts,

Short term, on the daily chart, the (RSI) Relative Strength Indicator is reaching the over bought threshold so we could see some consolidation at this price level.

On the other hand, the weekly chart shows the (RSI) reaching only the neutral position. We could see the price consolidating here, building a base level which is just above the 20 day moving avg. before the share price moves higher.

Always expect desperate short sellers who are being squeezed with no room to make profits as share price moves higher to launch their attacks to try and drive the price back down so they aren't swiming in so much RED INK.



THE GRIM REAPER


Mar 30, 2009 12:18PM
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Mar 30, 2009 03:36PM
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