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TPV Technology ST: the RSI is overbought
Trading Central | 2012-10-08 07:35:00

Alternative scenario: below 0.258, expect 0.23 and 0.213.

Our pivot point stands at 0.258.

Our preference: the upside prevails as long as 0.258 is support.

Alternative scenario: the downside breakout of 0.258 would call for 0.23 and 0.213.

Comment: the RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover

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