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Re: kingofswing post# 224

Tuesday, 03/28/2017 4:16:49 PM

Tuesday, March 28, 2017 4:16:49 PM

Post# of 658
RSI is the top indicator of this chart below....if you look when it is above 70 it is shaded blue.....that is the hot zone and can really run price up to about 90....at 90 it most likely will pull back....and continue with the downtrend line until that reverses....when the rsi is headed up usually the price is too....but somewhere in the 70 to 90 range it will probably pullback as it overheats...rarely is RSI ignored. So you love it when the RSI is headed up and gets to 70 as you know the stock will run....but if you are paying attention you can catch the pullback too...

Here is a link to other indicators on charts....
http://www.stockgoodies.com/chart-school.html


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