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Post your learning results by taping the discussion: How does RSI tell whether your stock is overbought or oversold?
Hi mooers!
Have you used the RSI to help you decide whether to buy or sell a stock? If you have, you may find the RSI doesn't work sometimes.
Therefore, it's better to adopt the RSI indicator with other indicators to...
![Part Two: How do I use the RSI to trade?](https://ussnsimg.moomoo.com/732ae733-8a45-4d15-8ea4-c34580e795f3.png)
![Part Two: How do I use the RSI to trade?](https://ussnsimg.moomoo.com/369e2eb6-06c3-401e-b112-d43892177c38.png)
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Money Makes Money
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In trading on Friday, shares of $AMC Entertainment(AMC.US$ and $GameStop(GME.US$ crossed below their 200-day moving average.
AMC shares were trading lower last week after the CDC confirmed the first Omicron case in the US. Theaters shut down in 2020 amid the start of the pandemic and variant uncertainty has driven fears of possible lockdown measures.
AMC closed Friday’s session lower by 4.2% at $29.01, well off the stock's intraday low of $25.31.
Shares of GameStop, were trading lower as well, following worse-than-expected US job growth data.
GameStop closed Friday’s session lower by 5.1% at $172.39, off the intraday low of $159.05.
If you had $1,000 right now, would you buy the dip in AMC or GME?
AMC shares were trading lower last week after the CDC confirmed the first Omicron case in the US. Theaters shut down in 2020 amid the start of the pandemic and variant uncertainty has driven fears of possible lockdown measures.
AMC closed Friday’s session lower by 4.2% at $29.01, well off the stock's intraday low of $25.31.
Shares of GameStop, were trading lower as well, following worse-than-expected US job growth data.
GameStop closed Friday’s session lower by 5.1% at $172.39, off the intraday low of $159.05.
If you had $1,000 right now, would you buy the dip in AMC or GME?
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