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Re: leverage102 post# 170184

Thursday, 08/12/2021 10:53:35 AM

Thursday, August 12, 2021 10:53:35 AM

Post# of 216112
90 would be severely overbought. RSI however, is just one indicator, and many stocks have run for weeks in overbought territory. It should not be the sole determining factor on whether to buy or sell.


OVERBOUGHT OVERSOLD INDICATOR READINGS WITH RSI
There is a quick tool traders can use to gauge overbought and oversold levels, the Relative Strength Index (RSI). The premise is simple, 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.

https://www.dailyfx.com/education/technical-analysis-tools/overbought-vs-oversold-and-what-this-means-for-traders.html

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