If you just tap on RSI from your drop down indicator box then it will appear under your chart like below. It’s simple an indicator that displays whether a stock is over sold or over bought. The standard rules that your taught at Chart School is that if the the RSI (relative strength indicator) goes above 70 then it’s in over bought territory and may need a cool off ( retrace). And if the RSI goes below 30 then it’s in over sold territory and a bounce upwards is incoming.
Now at Slick School you will learn that those numbers are soft and should be 80 and 25 as displayed on below chart that I pinched from my post yesterday. You can see how I displayed RSI as being way oversold when it hit middle teens. It adds to your confidence when entering on any buy signals.
Now you can use RSI in combination with other indicators to gain a read of the play but that’s best left for lesson 2.
If you just tap on RSI from your drop down indicator box then it...
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Last
8.2¢ |
Change
-0.003(3.53%) |
Mkt cap ! $600.2M | |||
| Open | High | Low | Value | Volume |
| 8.5¢ | 8.6¢ | 8.2¢ | $1.246M | 14.84M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 446526 | 8.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.3¢ | 535664 | 2 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
8.2¢ |
Change
-0.003 ( 2.38 %) |
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| Open | High | Low | Volume | ||
| 8.6¢ | 8.6¢ | 8.2¢ | 4518456 | ||
| Last updated 15.57pm 03/05/2024 ? | |||||
| IMU (ASX) Chart |