RSI is measured based on a scale of 0 to 70. The numbers 30 and 70 also have significance. If a stock is measured at an RSI over 70, then it is overbought. If a stock is below 30, then it is oversold. If you notice a stock is rising towards 70, it could mean that the stock...
This basic investment strategy refers to purchasing more assets as the price falls, or once it settles. This move is best recommended to use in a stagnant or bull market, where the usual trend is rising or sideways, rather than in a bear market, (general direction is downwards). The logic...
Also, please note that ChatGPT outputs only show trimmed versions for illustration purposes. The original outputs are too long to display in full, but they provide detailed insights into each RSI dip, including exact price movements, duration and trader takeaways. Clarity:Use precise language that...
By following these steps, you can successfully set up a trading account and gain access to the Indian stock market. The next step is to select the right trading platform to execute your trades, which we will explore in the next section. ...
Novice investors are recommended to use a simple but proven dollar-cost averaging (DCA) investment strategy, which alleviates the stress of when to buy Apple stock and how much to spend. More experienced investors can try to time the market or engage in technical analysis and use trend lines ...
Advanced use of Bollinger Bands An advanced application of Bollinger Bands involves another indicator: the relative strength index (RSI). Bollinger Bands can be applied around the RSI line to assess additional buy and sell signals. When RSI is near an extreme high (~100) or low (~0), and ...
How to Read Stock Charts If you’re going to actively trade stocks as astock market investor, then you need to know how to read stock charts. Even traders who primarily use fundamental analysis to select stocks to invest in still often usetechnical analysisof stock price movement to determine...
You Gone To know what its Relative Strength index or RSI and how to use it in your cryptocurrency trading You Gone To Know what its MACD and how to use it in your Forex trading You Gone To Know What its what its Average True Range or ATR and how to use it in your stock market tr...
Stock volume is an important tool for understanding market activity and helping you make informed investing decisions. If you want to use stock volume effectively, learn how to spot trend reversals, strategically time your entries and exits, and use volume to confirm breakouts and breakdowns. It’...
The CCI is a market indicator used to track market movements that may indicate buying or selling. The CCI compares current price to average price over a specific time period. Different strategies can use the CCI in different ways, including using it across multiple t...