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7,025 Posts.
318
01/12/17
11:58
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At the moment I'm looking at this chart.
I said a few days ago there may be some buying opportunities in the coming days.
The reasoning was that the slow stochastic and RSI were overbought.
Now, as you can see, they are no longer overbought and heading into neutral/oversold territory.
This is where we may see a higher low come into play.
A higher low, at the same time as being oversold, is one of my favourite indications of a looming higher high.
With all the progress, news and announcements coming MOY's way soon I expect great things.
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