has this been oversold?, page-2

re: has this been oversold? (chart) Howdy deltalady,

I don't follow fundamentals much so I can only discuss T/A.
On the chart it looks likely FEA will move back up in accordance with the trendline.
The stochastics have rolled up and the rsi is also pointing up and closer to the oversold area (41.8).
The black candle which formed thursday displayed support as it touched the trendline and bounced up. The trendline also intersects perfectly with the fibonacci 38.2% retracement level as well.
Jeesh as far as technicals go it's looking like a goer!
I do not hold but I might consider buying some of these.


Good luck

Commy