"technically TOX looks overbought and ready for a deeper...

"technically TOX looks overbought and ready for a deeper correction"

What on earth makes you say that? Not on my charts it doesn't...

It has pulled back a bit towards the short term EMA, and looks like consolidating for a few days at about the 3.4 - 3.6 cent level to me. The VFI (Volume Flow Indicator) is well up above zero, the MACD is strongly positive and still above its MA and heading up, and the ADX shows a strong uptrend in place with no sign of a roll-over at the top yet. Other oscillators include the Williams %R which is mid-range (definitely not overbought or oversold) and the RSI which is at 66% - i.e. not overbought either. The Twiggs Money Flow is just crossing up through zero - another 'buy' signal in some systems.

So when you blythely say that technically it looks overbought - can you back that up with some examples of indicators that support that?

TOX still looks a 'BUY' to me, and looks like hovering around the 3.4-3.6 cent level for a few days before heading up once again.

Just my 2.0 cents worth :)