Richmont Mines (RIC) hourly chart has the kind of setup I look for. Price consolidates sideways to slightly down as the True Strength Index (TSI) rises and approaches a breakout of the ZERO line.
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The fundamentals for this company are very compelling and this is a stock to hold onto if a short term trades is not available.
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Have you ever used the TSI to buy options or short a stock?
ReplyDeleteThose trades I do not make usually. But it would absolutely work the same way. You just want to know that the stock is going to move and in which direction - long, short, options, futures makes no difference.
ReplyDelete