Was very oversold , look at slow stochs (15,5,3).
Interestingly the On balancevolume (OBV) showed a slight increase and no drop whilst price was dropping significantly.
I noticed this trend with GMR , the divergence between price and OBV. Investopedia states this is a sign of accumulation . I doubled up on GMR due to this and has rewarded me well!
PIR shows the same trend an i think this will jump once the accumulation is done, which i think is now.
Also it has bounced off support .
Hopefully chartists can comment about my observation about OBV and price and their experiences.
good luck
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Was very oversold , look at slow stochs (15,5,3). Interestingly...
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