RSI indicator
RSI indicator operation exercises $Advanced Micro Devices(AMD.US$ (I used both MACD and BB): You can find RSI, MACD, and BB, which almost all gave the same answer at the same time.
1. When the RSI is above 70, it indicates that the stock is overbought, and there is a high possibility that the price will fall.
The red circle on the chart below is when the RSI indicator is around 70, and the MACD enters a dead cross, and the stock price is at a high BB level. It is very likely that the stock will fall at this point. In fact, the red circle shows that the stock price is falling.
2. When the RSI falls below 30, it indicates that there may be fewer sellers left in the market, and this move may be over. The price then reversed and picked up.
Observe the green circle in the chart below. When the RSI is as low as 30, it indicates that the stock price is likely to rise. At the same time, the MACD enters a gold cross, and the stock price is at the bottom of BB. You can see that the stock price is rising at this point. However, it is worth noting that the MACD is still below the 0 axis, so the stock price may rise now, but this is not the time to buy.
1. When the RSI is above 70, it indicates that the stock is overbought, and there is a high possibility that the price will fall.
The red circle on the chart below is when the RSI indicator is around 70, and the MACD enters a dead cross, and the stock price is at a high BB level. It is very likely that the stock will fall at this point. In fact, the red circle shows that the stock price is falling.
2. When the RSI falls below 30, it indicates that there may be fewer sellers left in the market, and this move may be over. The price then reversed and picked up.
Observe the green circle in the chart below. When the RSI is as low as 30, it indicates that the stock price is likely to rise. At the same time, the MACD enters a gold cross, and the stock price is at the bottom of BB. You can see that the stock price is rising at this point. However, it is worth noting that the MACD is still below the 0 axis, so the stock price may rise now, but this is not the time to buy.
The trend of some technical indicators may be slow, and we can analyze several technical indicators at the same time.
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steady Pom pipiOP :
TraderP1999 : You need to find an oversold time for DCA.
steady Pom pipiOP steady Pom pipiOP: The two technical indicators, RSI and BB, feel the same to me.
