Hi hohimyee,From T/A, when RSI is above 70, it means over...

Hi hohimyee,

From T/A, when RSI is above 70, it means over bought, then you look for the previous RSI high, if you see a sell off at the previous high, say example, if a stock 6 months ago hit 75RSI pts then follow by a sell off, 3 months later same thing, RSI hit 76, then there was another sell off, so next time when you see 72 you will get prepare. Vice-versa, when RSI is close to 20, it means over sold, rebound is due to happen! But with AIO, punters are punting for a Take over news, so...may even see a higher RSI tomorrow, but just be careful. RSI is suggesting over bought that is all.