re: oversold-- charts... Rsi was in the oversold area but this indicator is more accurate when the share is trending, were as MRE broke through support and its price channel so one must be careful...memorys of NAB's hammering and HDR ect..oversold conditions didnt stop them falling further.
Anyway its possible MRE will continue north on Monday as i beleive Nickel went up, but after that well i wouldnt be holding until it indicates the tide has turned.. but thats me.
Something i do not like is the OBV is not positive which indicates distribution (sellers in control).
re: oversold-- charts... Rsi was in the oversold area but this...
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