BOQ 0.58% $6.90 bank of queensland limited.

Just My take on the Charts, The RSI needs to reset as correct,...

  1. 7,114 Posts.
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    Just My take on the Charts,

    The RSI needs to reset as correct, (Its an RSI theory that a guru used to post in Videos)

    For the RSI theory to hold true, then BOQ needs to hit about $8-8.50.

    Mabe some here will understand the type of RSI theory Im referring to.

    A fair while ago, the same RSI theory pointed to NAB needing to trade below $28- to re-set the RSI..

    And I believe it has done that.

    IMO the yields on BOQ look great, my only worry is the bearish pattern and the RSI theory.

    At around $8- or so I reckon it could double within 5 years, so IMO a screaming Buy.

    The election fears of Royal Commission on a result upset adds some lead to the basket for a few weeks.

    Under 10 bucks will happen before the election IMO.

    For the Momentum to roll around and turn the Queen Mary will mabe get to the sub 9 level and re-set the RSI at 8.50 or so.

    Then next wave of Ups with first obvious target 10 bucks.
 
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