In the Daily & Weekly Charts below, you see a comparison of these 2 high timeframe charts, higher t/f always more important for the overall direction and they hold more validity in actually occurring in how price action plays out.
On the daily chart, you will see that the only bullish RSI divergence on the daily this year occurred over June and July. This is good for RDN.
On the weekly chart, you can see that a very powerful Stochastics cross/up at the key 20 number might occur soon & I say might. It is currently sitting just above the 17 level but it is sloping up nicely & that is what we want if you are Long.
But what does this all mean in the overall scheme of things for Raidnen Resources. What does this Stochastics & RSI 'crap' tell us I hear you ask?
Well, no they are not crap indicators, the 2 most important that explain oversold and overbought conditions, the short answer is that RDN has been very oversold & buying demand is entering back into the stock.
Easy_Explosive_Trading (tradingview) Chris * 100% free trading tips & guidance daily on tradingview, I make my money trading, not milking people
RDN Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
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