you know what I don't like at the moment is the RSI on the 5 and 10 min charts...esp the 10 min. When it hit a low yesterday those RSIs were quite oversold. Since then they have been working their way more towards overbought with very little reward SP wise. The 10 min RSI in particular worries me as it is now at the level where the last two drops to new lows began. RSIs on bigger time frames, even the weekly, are starting to look very oversold but with the lack of willingness to rally just yet I am wondering if she might not have one more down leg in her....perhaps down to that support around 1.30 - 135 or even lower to 1.20 which would produce a very nice set of fib lines on the daily chart.
1PG Price at posting:
$1.50 Sentiment: None Disclosure: Not Held
