Here are some interesting excerpts from an article in The Australian this morning.
GML is mentioned.
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Hot Money Monday: Using momentum to pick out entry points, and ASX stocks with itHere’s your regular Monday guide to the stocks which are carrying momentum into the new week.
Just what you need to know if you aspire to being a momentum trader.
Low RSI (oversold)Here’s another momentum signal used by the market – the relative strength index (RSI).
RSI is a measure of the strength of a stock’s momentum, either in the upward or the downward direction, and is used to indicate whether a stock is oversold or undersold.
Generally speaking, an RSI above 70 means a stock is overbought; and an RSI below 30 indicates that it’s oversold.
An RSI above 80 meanwhile is strongly overbought, and an RSI below 20 is strongly oversold.
10 ASX small cap stocks with RSI Oversold signal | Column 1 | Column 2 | Column 3 | Column 4 | Column 5 |
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| 1 | Code | Name | 2-day RSI | 9-day RSI | 14-day RSI |
|---|
| 2 | BIS | Bisalloy Steel | - | Oversold | - |
|---|
| 3 | BUB | Bubs Australia | - | Oversold | Oversold |
|---|
| 4 | DGH | Desane Holdings | - | Oversold | - |
|---|
| 5 | DTZ | Dotz Nano | Oversold | Oversold | - |
|---|
| 6 | FWD | Fleetwood | - | Oversold | - |
|---|
| 7 | GML | Gateway Mining | Oversold | Oversold | Oversold |
|---|
| 8 | LKE | Lake Resources NL | - | Oversold | - |
|---|
| 9 | MRD | Mount Ridley Mines | Oversold | Oversold | Oversold |
|---|
| 10 | OAK | Oakridge International | Oversold | Oversold | Oversold |
|---|
| 11 | SDI | SDI | Oversold | Oversold | - |
|---|
