Sorry for the lack of activity the last couple of days, been working on finding a solid balance with my new job.
Regardless, I know the markets are bleh right now but keep the faith.
Zero rush right now to jump in anything, so take your time and focus on your studies.πππ»
Stock Market Topic of the Week: #6
Part 2: RSI
As a quick recap, the RSI is an indicator that is helpful in spotting stocks that are oversold or overbought.
Like other indicators, itβs meant to be used in conjunction with others.
Letβs get started!ππΌππΌππΌ
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To wrap this thread up Iβm going to attach Part 1 on the RSI below!ππΌ
Be on the look for Part 3 this weekend, and as always thank you for the support.π
I hope these threads are helping you learn new topics slowly but surely. π§
DM with any questions you may have!βπ»
Stock Market Topic of the Week: #6
Part 1: Relative Strength Index (RSI)
The RSI is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions, via Investopedia.
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Stock Market Topic of the Week: #6
Part 2: RSI
As a quick recap, the RSI is an indicator that is helpful in spotting stocks that are oversold or overbought.
Like other indicators, itβs meant to be used in conjunction with others.
Letβs get started!ππΌππΌππΌ
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It is for these reasons that RSI should be used in conjunction with other indicators.
It has its limitations as do other indicators. It just helps paint a picture of whatβs going on with a stock.
Sometimes the stock follows the RSI perfectly and others donβt.
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