solar

Hello,
Just discovered this site ..... wow, I think I will spending much time here.

What are your thoughts on this chart? Oversold? Do we see a reversal here? Monday's trading will be key.

Rogers Income Fund RSI.UN in Toronto

BigCharts - QuickCharts

Cheers!

Eric

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frankkn

volume's cut off friend

solar

volume's cut off .... can you elaborate?

Cheers!

frankkn

sure, the chart that you posted was cut off. the volume is not displayed

solar

Try the link:

BigCharts - QuickCharts

Here is the chart with volume

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gb41wd

Hi,

Obviously, no one can predict the future. Most of this movement corresponds to the general market movement as indicated by the S&P index. I am approaching this as the market being oversold and predicting it will begin to reverse. There was a strong recovery with supporting volume at the end of friday's market, which would indicate the buyers began to buy in at the day's low. This would indicate the presence of some resistance at the days market low.

That being said, it would be prudent to have a relatively tight stop in case the market moves against you. Investors are very nervous and the global markets showed weakness all last weak.

IF you haven't bought the stock yet, it may be wise to wait until the stock breaks out above the upper bolinger band on a 5-min chart for confirmation. I am assuming you are using a 20-period 2-sigma bolinger band setting. If you use this bolinger breakout strategy you coul place your stop at the intraday mean. good luck. gb

frankkn

well it took price four months to break 4.3, now it is testing that level. there is a piercing candle stick pattern and that suggests reversal. but the volume on the up bar in the piercing pattern is very low compared to the previous two bars. i dont think there was professional buying on the most recent down bar because it closed at the lows.


id suggest waiting a couple days

Magic

This stock is too cheap and low volume to be messing with. It is easily manipulated and the recent rise is probably from the company hiring an advertising firm and some "gurus" to pitch it via spam. There are "penny stock" strategies built around this, but it's probably better to stick to stocks that trade on the major exchanges ($5 minimum).

The only professionals who would touch this are shysters. JMO

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daryl676

I 100% agree. Pick another stock

solar

RSi is an income trust that has been making quarterly distributions since 1997 ... never missed one. as you can see, it is not a highly volatile stock.

Look at the gap up today ..... what does the chart tell you?




Rogers Sugar Income Fund is the income trust that was established in October 1997 to act as a holding company for Lantic Sugar Limited that operates in Eastern Canada and Rogers Sugar Ltd. that is based in Western Canada. Together they form the largest refined sugar distributor in Canada.

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