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Traderfan

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Re: Rnilsson post# 92312

Wednesday, 07/08/2015 12:33:05 PM

Wednesday, July 08, 2015 12:33:05 PM

Post# of 163716

Whats the RSI-level at? Or is that metric useless in these situations?


Yes, relatively useless right now unless it goes towards the lower 20's or even below 20 where you could make a case that the stock is severly oversold. It's at 25 right now and that also means oversold technically but in reality you can't base a decision on it unless it's in real extreme areas IMO. Then it works well for the very short term.

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