Weekly rsi above 60
Fundamentally there is nothing encouraging here however, purely on technical basis, this stock seems to be ready for a big move. RSI breakout is weekly rsi above 60 early indication, and the relative strength of the stock seems to be in a very sweet spot.
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Weekly rsi above 60
This is a bit like comparing apples to oranges. It might be the same indicator, but RSI can deliver substantially different risk and reward payoffs in different time frames. Risk and reward are matters you can only answer yourself through backtesting. If you are a swing trader. Which time frame is best in trading? By default, most traders use daily bars. Is that just a habit or is there a logical reason behind it? First, we need to explain what the RSI indicator is. We have covered how the RSI indicator works in a previous article and we recommend having a look at that one if you are unsure what the Relative Strength Index is. Put shortly, the RSI oscillates between 0 and by summarizing the magnitude of both gains and losses over a period of n days. Low values indicate an oversold position while high values might be an overbought condition.
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Weekly rsi above 60
The RSI, a momentum oscillator developed by J. Welles Wilder, measures the speed and change of price movements. The RSI moves up and down oscillates between zero and
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Welles Wilder Jr. It compares upward movements in closing price to downward movements over a selected period. Wilder originally used a 14 day period, but 7 and 9 days are commonly used to trade the short cycle and 21 or 25 days for the intermediate cycle.
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