It is hard poker gambling on overbought stocks, but these may present very good short term possibilites. Important is volume, there has to be enough for you to get out and in without having to wait. Trading overbought shares with declining volume is not good. Volume is suppose to be your friend, as the trend is.
Here is on possible case for tomorrow.
RSI CHART FOR DOW
Volume dropped back last tradingday, but the volumdirection is still pointing up. It should be able to do a 2-4%, little support before 6.70.
Chart can be found here
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$6.89 |
Change
0.010(0.15%) |
Mkt cap ! $4.627B | |||
| Open | High | Low | Value | Volume |
| $6.89 | $6.92 | $6.84 | $5.304M | 769.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4748 | $6.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.92 | 986 | 1 |
View Market Depth
| Last trade - 16.15pm 22/07/2025 (20 minute delay) ? |
| DOW (ASX) Chart |