Ron, regarding Bollingers and RSI. This marks the third time in 5 weeks or so the same pattern has emerged.
Feb. 3rd to 4th, price resting near the lower daily Bollinger, RSI goes from 26 to 44 generating a buy signal as it moves above 30. Several other momentum indicators give buy signals at or near the same time. Price rises from 7.75 to an intra day high of 8.68 within a couple of days, then begins to drift down.
Feb. 19th to 20th, price resting near the lower daily Bollinger, RSI
goes from 29 to 44 generating a buy signal as it moves above 30.
Again, other indicators give buy signals. Price rises from 7.25 to an intra day high of 8.18 within a couple of days, then drifts down.
March 6th to March 7th and 10th, RSI goes from 28 to 31 to 35 giving a buy signal as it crosses above 30. Other indicators are giving buy signals also. Price has risen from 6.5 to an intra day high of 6.93,
will probably move a little higher.
RSI combined with Bollingers are a powerful tool in suggesting entry points.
But without news, Ampex cannot sustain these jumps for more than a day or two, at least judging by recent moves.
Stan |
