RSI hits 304 Jun 2021 10:44
Well I am buying today. The daily RSI peaked on 25th Feb and fell below that on March 8th. It has had a long drift down to today. It briefly touched 30 this morning. Last time we fell to this, the share bounced up by 50% to 50p.
A 25% rise from here seems reasonable IMO. We are halfway to the results in August. Hopefully they will permanently change this downward drift.
Past doesn’t always mean the future, but without a dilution, as a chartist, the green light went on today.
GLA