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Ezra ST: the RSI is oversold
Trading Central | 2017-02-22 01:12:00

Alternative scenario: the upside breakout of 0.026 would call for 0.032 and 0.036.

0.026 is our pivot point.

Our preference:the downside prevails as long as 0.026 is resistance.

Alternative scenario: above 0.026, look for 0.032 and 0.036.

Comment: the RSI is trading below 30. This could mean that either the stock is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 0.04 and 0.04).

Supports and resistances:
0.036 **
0.032 *
0.026 **
0.024
0.021 last
0.013
0.01 **
0.007 *
0.004 **

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