STMicroelectronics (STM)

[GrooveMaster]

RSI is only one indicator on that chart...lets look at some more....
If you look at the next indicator....the Money Flow Index just under RSI you can see where it got overheated as well and there was a pullback....the other side of the coin on MFI is that when it gets underheated it is a buy signal....not always but this indicator works too.

Then on the chart itself it has the Ichimoku cloud.....that is the green shaded area...very bullish above it and very bearish below it....

Also on the chart itself you have the black lines....Bollinger Band lines....rarely does the price get outside of these lines and if it does expect a correction back to within the lines....an explosive move is coming when they spread...could be up or down.

The other lines on the chart itself are the Moving average 50 and 200....bullish above them, bearish below them

The last thing on the chart itself is the Parabolic Sar....bullish when they are printing below the price and bearish when they are printing above the price....they are the little dots

Below the chart....MACD when the black line goes above the purple line it is a buy signal and when it crosses below it it is a sell signal...most of the time

CCI above the 0 line is bullish and below it is bearish....you can get buy or sell signals off of this when its trend changes...

Stochastics is like MACD when the black line crosses the red it is bullish and when it crosses the other way bearish...

Williams %R above the 50 is bullish below it is bearish....watch as it changes for signals for buying and selling...

Aroon green line above the red Bullish... below bearish...watch for abrupt changes in it...

PPO good early indicator works like MACD and Stochastics when the cross happens buy or sell signal depending on which way it is going....

ADX when the d lines change direction and start spreading out buy signal....also the +d1 line being above the -D1 line is bullish...

This is one of the strongest charts I have ever seen really....there has been some trade opportunities but I wouldn't take them....this is a long term hold...