RE: KOD Technical Analysis 08/12/20218 Dec 2021 09:49
@Daz423 - Indeed. Im not saying im looking to flip KOD for a quick buck either (jumped in in March and am looking to hold until at least a quid!). Im incapable of putting the time into looking at fundamentals (which is a bit stupid of me) but like to check the charts as one might do the weather: just because its crap outside doesnt mean im not going to walk the dog or go to the shops!
It can just be useful to know where something is headed in order to inform one's actions, is all. And heartening, in fact. Some may feel worried by price action until you look at the stats in a chart and see what looks like bearish moves are actually healthy when viewed as part of a larger bullish context; and as we know, stats never lie ;-)
I had another quick look actually, and noticed that, whenever we've hit 30 on the RSI, i.e. oversold, there has actually been a strong bounce back up. The "dips are being bought" as they say. So it is probably quite a good time to buy more, in fact! Will see how it progresses throughout the day anyway.