CPHI Win or Fail? (Fib with RSI and Ghost bars)
Lets see what next week will bring!
After a recent check, the 14-day RSIfor China Pharma Holdings (CPHI) is currently at 65.41, the 7-day stands at 78.81, and the 3-day is sitting at 94.30.Many professionals agree that realizing a loss is just as important as picking a winner, so I've also included a potential loss area to point out my opinion of when to abort mission. Price Target is anywhere form 0.60 to 0.72 by mid week. The stock has returned 21.95% weekly, which was maintained at 9.59% in the 1-month period. I'm looking forward to the upside of that return!
After a recent check, the 14-day RSIfor China Pharma Holdings (CPHI) is currently at 65.41, the 7-day stands at 78.81, and the 3-day is sitting at 94.30.Many professionals agree that realizing a loss is just as important as picking a winner, so I've also included a potential loss area to point out my opinion of when to abort mission. Price Target is anywhere form 0.60 to 0.72 by mid week. The stock has returned 21.95% weekly, which was maintained at 9.59% in the 1-month period. I'm looking forward to the upside of that return!
Trade active:
Dont worry guys, the stock is bouncing off that old support.anything below .34 I might consider an abort mission, but I'm waiting for tomorrow, this could just be a slight pullback.