TA Challenge: How to use RSI to tell whether a stock is overbought or oversold?🤨
RSI stands for relative strength index. With RSI, you can better evaluate whether a stock is in the overbought/oversold zone.
This time round, not going into the math & who the h3ll is the inventor ![]()
. U just need to know how to use it, that's all ![]()
. It's so simple to use with all the calculations already done by the Moomoo app.
Firstly, u may wanna check out @Meta Moo posts to know more about RSI ![]()
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(not gonna to go into chim <profound> details but to move straight into some example ![]()
):
Meta Moo :Another powerful indicator for your successful trading
Meta Moo :Another powerful indicator for your successful trading
How to use RSI to see if a stock is overbought or oversold?
As shown in the picture 📸 below![]()
:
As shown in the picture 📸 below
Having that said, it does not really mean that it has to be 70 & 30 respectively as some more aggressive traders may be using 80 & 20 instead ![]()
.
In addition, it can be used together with some other indicators like ![]()
:
OK, those votes 🗳 may be a little low in quantity...![]()
(because I'm an early bird 🐦 to participate events) but u get the idea 💡 lar ![]()
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RSI = About 35 = oversold?
Of course not yet![]()
+ ![]()
.
Of course not yet
MACD = show downtrend.
The graph 📊 too![]()
.
The graph 📊 too
So, in my opinion... it may continue to go even lower with all the negativity of the stock market ![]()
.
There u have it ![]()
. So simple to use right ✅
![]()
![]()
?
DYODD before investing ![]()
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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steady Pom pipi : Am I wrong?
RSI30= rising signal
RSI70= down signal
Milk The CowOP steady Pom pipi: Yup
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70 = Price increasing (high)
30 = Price decreasing (low)
Depend on how u see it, u may see buying opportunities differently
steady Pom pipi Milk The CowOP:
protraderx : Master of RSI is not the way you use and definitely not the traditional text book methods. Reality us far from theory.
Milk The CowOP protraderx: Yup
, just act according to situation.
Milk The CowOP protraderx: Ahgaahga
.