MBN 0.00% 8.3¢ mirabela nickel limited

Tuesday trading session, page-81

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    The thing with the RSI staying overbought though is there needs to be consistent buying pressure and volume. This is what makes the RSI stay overbought. That is what happened when the share price went from 4c to 40c last time. This time there are too many lulls for the RSI to stay overbought.
    I won't start a debate about TA indicators but in my opinion the RSI weekly is one of the best indicators. It should not be used in isolation but couple it with volume analysis or other indicators and it is a winner.
    Last edited by Ibza: 17/03/15
 
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