QUOTE(Chicken~:> @ Mar 2 2012, 11:11 AM)
hi, i am quite agree with you....but in order to buy at RSI 10...i would say not many good will reach RSI 10....even if we do have...it only happen once in the blue moon.
Added on March 2, 2012, 11:18 amwuhoooooooooooo.....bull run.......gogogo....
actually below 20 already can start monitor ... there is no exact fact to say at which point will rebound. but we took the chances base on the indicators
you can look at drb and puncak RSI 14d now ... is <20 2 days ago and today straight rebound ... so smart TA people will accumulate it slowly few days ago and wait the chance. drb start to drop after RSI reach 90 ++ ...
if you buy below 20 also, your chances of losing money is low compare 80-90
but this RSI cannot apply to penny stock because penny stock is pure speculative and no fundamental at all.
below 10 actually is quite serious problem, so far i see 3 ...
1. maybulk in january after the estimate earning reduce.
2. latexx - the tax issue with lhdn
3. megb - losing money after the ptptn reduce loan