PSEC overbought much?
Updated
PSEC is looking like a falling knife incoming.
Three black crows, and heavily overbought on stochastic and stochastic RSI.
Dividend is past exdiv, and earnings were good. Looks like it may be time to scoop up profits and wait for the knife to fall.
Stochastic is the blue and orange lines and stochastic RSI are the red and green Areas
Three black crows, and heavily overbought on stochastic and stochastic RSI.
Dividend is past exdiv, and earnings were good. Looks like it may be time to scoop up profits and wait for the knife to fall.
Stochastic is the blue and orange lines and stochastic RSI are the red and green Areas
Order cancelled
I cancelled this trade felt as though the action on friday was going to play out in favor of a long position towards $8, I was quite wrong. My initial though was correct and I was unwilling to trust my initial judgement.
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