TSLA
Tesla
-- 230.580 NVDA
NVIDIA
-- 108.760 PLTR
Palantir
-- 78.050 AAPL
Apple
-- 220.840 GRRR
Gorilla Technology
-- 26.990 
Part One: Seek to buy the dip with the RSI indicator
Post your learning results by taping the discussion: How does RSI tell whether your stock is potentially overbought or oversold?
Hi, mooers!
The 3rd TA challenge is live! ![]()
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In this new session, we're going to learn how to use the relative strength index(RSI) to try to spot the dip of a stock. Say no more. Fasten your seat belt. Let's hit the road!![]()
Usage of RSI
We can use it to determine potential tops and bottoms of the trend depending on whether the security is overbought or oversold. Below is a daily chart of a specific stock.
This stock dropped in the middle of January when the RSI rose above 70, signaling that the stock was overbought and the possibility of a price decrease was high. After that, the RSI dropped below 30 in the same month, suggesting that there might be fewer sellers left in the market and that the move could be over. Price then reversed and headed back up.
RSI is easy to use, right? Do you want to have a try? Let's see whether your stock might be overbought or oversold. Don't let the market take away your profits.![]()
You can find the default RSI indicator on the "Quotes" page of a specific stock.
Post your learning results by taping the discussion: How does RSI tell whether your stock is overbought or oversold?
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This article is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this video is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal.
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Milk The Cow :
James9013 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
momogreedy : Fly to moon
stitchmailbox : The poll reflect humanity
Eeeeeeeethan : Any indicator has its blind spots, and a comprehensive consideration should be made in conjunction with multiple indicators and fundamentals.
102510936 : Best to combine RSI with bollinger bands along with macd for better results. Can’t just rely on rsi
Musky : RSI is the easiest to apply![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
102826725 : from bottom cross RSI 30 will be bullish.
102098405cindy : I would say if the RSI is below 28, and the curve is turning up, along with other indicators as well, then it could be a an uptrend. We cannot just rely on one indicator to decide to decide the trend
Mum of Bob :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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