Thursday, August 12, 2021 10:53:35 AM
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
GLTU! NSAV
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