Hello Neoarchean,
I agree the RSI indeed about there, and slightly less when 3 day is moved to. Either way, based on RSI alone I agree it does not suggest oversold.
I avoided technical indicators in making my comment, because my comment is directed towards the performance in the broader context, which I have found to be as helpful when making trading decisions.
Perhaps answering directly your point, by short term I mean that I am buying in currently, and am anticipating an exit this week, at some level above the 7 day moving average, unless a stop loss is triggered. If I hold for longer it will be reflective of any developing momentum or wider circumstances.
Good luck.
Hello Neoarchean,I agree the RSI indeed about there, and...
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Last
$7.15 |
Change
0.010(0.14%) |
Mkt cap ! $6.683B | |||
| Open | High | Low | Value | Volume |
| $7.14 | $7.27 | $7.12 | $40.32M | 5.616M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9062 | $7.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.16 | 6000 | 1 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |