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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Probart who wrote (28097)9/10/2000 8:12:35 PM
From: Return to Sender  Read Replies (1) | Respond to of 68390
 
To me GSPN already looks to be in a short term oversold condition. The stock is approaching an extremely oversold condition on a RSI basis. It's true the large float of 48 million could exacerbate an additional fall but if the sellers dry up the stock is nearing a possible change of trend situation. I don't know for sure what will happen Probart but the stock is close to being as oversold as it was the last time it fell to 40 already. Just my opinion.

RTS