Iconic Brands Inc (ICNB)

[Kid-Gloves]

RSI - 70

Developed J. Welles Wilder, the Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. Traditionally, and according to Wilder, RSI is considered overbought when above 70 and oversold when below 30. Signals can also be generated by looking for divergences, failure swings and centerline crossovers. RSI can also be used to identify the general trend.

Overbought means an extended price move to the upside; oversold to the downside.When price reaches these extreme levels, a reversal is possible.The Relative Strength Index (RSI) can be used to confirm a reversal.