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World Precision Machinery ST: the RSI is oversold
Trading Central | 2013-08-14 00:15:00

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

Our pivot point stands at 0.375.

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

Alternative scenario: above 0.375, look 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 below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20

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