LIBERTSHOE-RELATIVE STRENGTH INDICATOR – EQSIS PRO

Kudupudi Lakshmi, August 7, 2019, Technical Indicators

RSI <30 indicates bullish trend & RSI>70 indicates bearish trend.
RSI is indicator for non-trending zone.
RSI indicates strength of the stock.

2 Comments

Naresh 5 years ago

Hi,
The stock moved past the resistance with the appearance of a high volume breakout gap on 12th Jan 2017, Actually, breakout gaps are rarely filled and they usually signal a change in trend but in this scenario, you took a short position by considering RSI signal….. My question is who’s having the strong grip (bulls or bears) after a breakout day

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Kudupudi Lakshmi 5 years ago

Here RSI > 70 indicating bearish trend.so obviously bears gave strong grip.

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