Folks, we've got a setup: $WLD 's daily RSI is 24.8, in oversold territory, with the current price at 0.2717.
RSI 24.8—my confidence is dropping too.
For a bit of serious background, the RSI (Relative Strength Index) was developed by Welles Wilder in 1978. It's calculated using the average gains and average losses over the most recent 14 candlesticks, and ranges from 0 to 100.
All data describe past market movements, and the market could move in the opposite direction at any time.
RSI 24.8—my confidence is dropping too.
For a bit of serious background, the RSI (Relative Strength Index) was developed by Welles Wilder in 1978. It's calculated using the average gains and average losses over the most recent 14 candlesticks, and ranges from 0 to 100.
All data describe past market movements, and the market could move in the opposite direction at any time.