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eFuture is getting a little ahead of itself

April 30th, 2008 · No Comments

From a fundamental point of view, we would still say all systems go, but from a technical point of view, it’s time to take a little breather one of these days. Let’s look at the chart. You’ll notice below that the RSI is indicating overbought. This could continue a little while longer, so it could very well run higher still, but at some point, it has to take a breather.

Nice thing is that we also see solid support in that 200 day moving average around 15.5. It might be advisable to take some money off one of these days, and re-enter at a lower point.

Tags: EFUT