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Muscle Pharm Corp. Message Board

  • ctruman@rocketmail.com ctruman Jul 23, 2014 5:13 PM Flag

    Keep an eye on the RSI

    As of today, RSI is 36.29

    From investopedia:

    "RSI, on a scale of 0-100, indicates that the overbought position is at 70 and the oversold position is at 30. Some traders have found that the RSI works best when it's compared to short-term moving-average (MA) crossovers. Using a 10-day MA with a 25-day MA, you may find that the crossovers indicating a shift in direction will occur very close to the times when the RSI is either in the 30/70 or 20/80 range; the times when it is showing either distinct overbought or oversold readings. Simply put, the RSI, sooner than almost anything else, indicates an upcoming reversal of a trend, either up or down."

    Bullish crossover of 10 and 25 day MA occurred today. Tomorrow we should bounce back IMO.

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