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0.00% $2.91 boart longyear group ltd

Technical indicators don't work all the time.When this fell from...

  1. websfield
    136 Posts.
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    15/06/09
    20:57
    Post #: 5282516
    Technical indicators don't work all the time.

    When this fell from $2.00 to $0.18, none of the support lines meant anything. RSI runs under 20 for more than a month. We are now only 3 days over 80 on RSI. In fact in uptrend market, you get better returns buying stocks with RSI>80.
    BLY Price at posting: 29.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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