My understanding of RSI and Boilinger bands is it is based off preceeding action? In this case the candles flatlined for several weeks on slight down trend. So any action at all would have pushed RSI way up, and jump out of the boilinger band. The band will continue to open and at some point candle will come back in.
From what ive seen so far these are great to pick buys and sells on larger stocks with better trends. But in this case the trend has exploded, and the math to determine RSI and Boilinger would have a high margin of error associated. Thoughts?
Asn charting, page-819
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