Great questions! Nice to see you are putting forth an effort to make sense of this stuff!
I would encourage you to watch Stock Analyzer's video on the RSI(2,5)... these videos are located in the iBox... he does a very nice job of explaining...
simplegreen uses RSI(10), and I've been doing lots of testing with it... I really like the results... T/A is not an exact science, so whatever you can "make work" for ya, go with that...
Oversold for the RSI's would be below 30...
The RSI's for AKYI and JAVA are both over 50, therefore I consider them bullish... above 70 is what many people call the "power zone"... but IMO, over 85 is then considered overbought...
I hope I didn't confuse you... if I did, please tell me to try again and I'll hopefully think of a better way to explain it.
Please do watch SA's video (in iBox) about RSI and you'll completely understand the RSI(2) and RSI(5)...
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