Hi All, I am still very new to reading charts and was just hoping for a little feedback (and patience lol)
I am looking at the Bollinger bands and RSI on SFR. The closing price has finished outside the down band and the RSI is around 32-33. Am I correct in saying that generally when a price finishes outside one of the bands that it indicates a continuance of that trend?
If this is correct then can I also assume that the price will continue down a bit more and a good indicator to buy is when the RSI is around or below 20?
Again, please accept my apologies if I am not correct as I am still trying to get my head around these charts!!!
Any feedback on this would be great.
Thanks
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$11.00 |
Change
-0.050(0.45%) |
Mkt cap ! $5.056B | |||
| Open | High | Low | Value | Volume |
| $11.07 | $11.07 | $10.92 | $2.245M | 203.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 5921 | $10.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.00 | 401 | 2 |
View Market Depth
| Last trade - 11.14am 15/07/2025 (20 minute delay) ? |
| SFR (ASX) Chart |