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Re: phrocks post# 25107

Thursday, 06/04/2020 2:57:07 PM

Thursday, June 04, 2020 2:57:07 PM

Post# of 40900
Relative strength index. It's a number, 1-100, that's formulated mathematically. An easy way to think of it is like a temperature. When it's over 80 or 90, it's running hot. Usually not a good time to enter a stock. Let it "cool off".

When the number is high, a stock is likely overbought and you can expect a retrace. When the number is low, it's indicating the stock is oversold and will likely bounce.

KNOS