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
help with reading charts
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SFR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$8.65 |
Change
-0.175(1.98%) |
Mkt cap ! $3.915B | |||
| Open | High | Low | Value | Volume |
| $8.73 | $8.78 | $8.48 | $4.943M | 576.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 2229 | $8.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.65 | 2791 | 16 |
View Market Depth
| Last trade - 11.28am 29/08/2024 (20 minute delay) ? |
| SFR (ASX) Chart |