$PIEVERSE Daily RSI is 76.1, entering overbought territory.
Let’s use this number as a chance to talk about RSI.
Wilder originally designed RSI for commodity markets, but today it’s built into almost every charting tool.
When RSI enters overbought or oversold territory, a more prudent approach is to first consider the broader trend, where recent support lies, and whether your position can withstand further volatility.
Don’t let a single number throw off your original plan, and certainly don’t use borrowed money to test a hunch.
Let’s use this number as a chance to talk about RSI.
Wilder originally designed RSI for commodity markets, but today it’s built into almost every charting tool.
When RSI enters overbought or oversold territory, a more prudent approach is to first consider the broader trend, where recent support lies, and whether your position can withstand further volatility.
Don’t let a single number throw off your original plan, and certainly don’t use borrowed money to test a hunch.
