/biz/ - Business & Finance

>>24806735
$5.24 even better price!
BUY CX.
Do not be afraid of this dip
Even a stock like CX gets overbought - look at this chart
Anytime RSI crossed 70 it had to pull-back and consolidate before making the next leg up
This is currently the pullback!
Don't miss it!
BUY CX

>>24659293
Be careful doing so - imo it's about to make a nutty leg up above $6, but there's also very, very good chance it stalls out here for a bit
Look at when daily RSI got this high on its run up
>pic related
Pulled back in June/September last time
However.. these 53K open interest $5.50 calls for January 15 2021 are making me doubt the pullback
Najarian is 100% right that it's highly unusual
My cost basis is $4.96, so I'm comfortable sitting through some pullback, but I worry that some anons will buy right now, and then panic sell on the (potential) pullback

>>24657903
Exactly - it is a little more difficult though with this high daily RSI (look at the other times that daily RSI went this high on its run up)
I just want to give full disclosure to anyone considering buying / show the full picture
I think that it's going to have a blow-up period in the next month where it goes above $6.00 (and then pulls back)