IMC back to 60c plus, page-158

I think some of you think it's going to drag on for ages before it does do another nice runner.
That's not what I am seeing. When I look at the chart the RSI is getting down to the nitty gritty of it being way over sold as the shareprice has followed down the slippery slope. I think it was Kiwijuice calling .26 as the bottom, which I tend to agree with.
We are just starting to witness the DMI Crossover Signal which lines up perfectly with the RSI. You can see it on the 6 month Daily Chart.

6 Month Daily


The 12 Month Weekly Chart is hitting the Midpoint of the Bollinger Band and does not give any clear signal that it is going to crossover. Long term, it might. However, the last time we were heading in the same direction and were close to hitting the midpoint, the shareprice exploded.
IMO, we are witnessing the same thing again. Sure, it may be short lived. But it's an opportunity that you don't want to overlook. Might be a week, a month. I don't know. However, I don't see it lasting much longer before
it takes off.

12 Month Daily Chart



Just my Saturday afternoon ramblings whilst in lockdown.