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Message: RSI is now 65.35

RSI is now 65.35

posted on Apr 26, 2009 07:02PM

At first I was a liitle concerned about the closing RSI after our blast up to $2.10 in the last hour of trading on Friday.

That surge could cause a false sell signal, perhaps again to sucker us small retail investors to sell some shares. Time will tell.

Any other opinions ?

good luck


Investopedia explains Relative Strength Index - RSI
A trader using RSI should be aware that large surges and drops in the price of an asset will affect the RSI by creating false buy or sell signals. The RSI is best used as a valuable complement to other stock-picking tools.

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