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World Precision Machinery ST: the RSI is oversold
Trading Central | 2013-08-06 22:19:00

Our preference: the downside prevails as long as 0.375 is resistance.

0.375 is our pivot point.

Our preference: the downside prevails as long as 0.375 is resistance.

Alternative scenario: the upside breakout of 0.375 would call for 0.395 and 0.407.

Comment: the RSI is below 30. It could either mean that the stock is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below i

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