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Re: jaimerodriques post# 21409

Wednesday, 02/03/2016 1:17:33 PM

Wednesday, February 03, 2016 1:17:33 PM

Post# of 30670
Here is a quick explanation

Reading the RSI

There is a quick tool you can use to gauge overbought and oversold levels, the Relative Strength Index. The premise is simple, however. When RSI moves above 70, it is overbought and could lead to a downward move. When RSI moves below 30, it is oversold and could lead to an upward move.

Reading RSI Chart
Ref: https://www.dailyfx.com/forex/education/trading_tips/daily_trading_lesson/2014/04/24/Overbought-vs.-Oversold-and-What-This-Means-for-Traders.html

GNPT 30 min Chart

And yes right now we are in oversold zone!

$GNPT

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