Reference Chart – NIKL
April 24, 2014 at 1:58 pm
Daily Chart. Although RSI Daily still in parabolic status, im concern that the completion of the pattern was made with rsi being peg at 85 level. Had the pattern completed when RSI just entered parabolic level at 70, possible price spike may drive NIKL to levels of 26 to 28.
Entry filed under: Phisix's Closet (PSEi). Tags: nikl, parabolic, pse nikl, rounding bottom.