By Jeff Pierce
9-25 Update – Continues to print new highs!
9.14 Update – Pulled back to support and bounced. Went a little further on the RSI lower than I expected buy the price support held so this should be good to go higher.
Sept 6th – Here is a recent IPO that has a very bullish chart. I’m using a 60 min chart because there is only 6 weeks of data and the daily doesn’t show you much, but as you can see below we have a breakout from a base with strong RSI confirming the move. Given that the general markets had a moot reaction to the jobs numbers this stock could pull back to the breakout level which should also coincide with a RSI level of 40ish on the 60 min chart setting up a good long entry.
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