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
$11.34 |
Change
-0.115(1.00%) |
Mkt cap ! $5.215B | |||
| Open | High | Low | Value | Volume |
| $11.62 | $11.62 | $11.25 | $6.290M | 554.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 3738 | $11.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.34 | 2871 | 21 |
View Market Depth
| Last trade - 15.42pm 04/07/2025 (20 minute delay) ? |
| SFR (ASX) Chart |