Replies to post #34338 on Moon Equity Holdings Corp (MONI)

[packerfanbud]

It is an indication that it is oversold or overbought. Right now CYBK is in a good reversal from being oversold

An asset is deemed to be overbought once the RSI approaches the 70 level, meaning that it may be getting overvalued and is a good candidate for a pullback. Likewise, if the RSI approaches 30, it is an indication that the asset may be getting oversold and therefore likely to become undervalued.

http://www.investopedia.com/terms/r/rsi.asp