Yes bank trying to pierce 100 EMA and the RSI is also upwards and at 65.
A sign of bullish.
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Yes bank trying to pierce 100 EMA and the RSI is also upwards and at 65.
A sign of bullish.
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Hi,
Your work is good. Read the below content which will help you to learn about RSI much better.
When the RSI rises above 70 it simply indicates the strength of the stock but do not indicate an overbought scenario. When the stock fell below the 70 level after a rise then the stock is considered to be overbought and might be due for the bearish rally while When the RSI falls below 30 it simply indicates the weakness of the stock but do not indicate an oversold scenario. When the stock rises back above the 30 level after a plunge then the stock is considered to be oversold and might be due for the bullish rally.