Objectively speaking, the daily RSI for $AGT has reached 76.2 (overbought).
When I first got into the market, I couldn’t help trying to pick a top whenever I saw an overbought reading. It took a few painful lessons for me to realize that in a strong trend, an asset can stay overbought for a long time. Now I treat RSI as a reminder, not a trigger.
What’s your first reaction?
When I first got into the market, I couldn’t help trying to pick a top whenever I saw an overbought reading. It took a few painful lessons for me to realize that in a strong trend, an asset can stay overbought for a long time. Now I treat RSI as a reminder, not a trigger.
What’s your first reaction?