$FIL Daily RSI(14) is 23.7, entering oversold territory, with the current price at 0.6077.
Oversold conditions indicate a sharp short-term decline, but they don’t mean the bottom is imminent: in a weak market, RSI can remain below 30 for a long time. A bullish divergence is more worth watching—the price makes a new low, but RSI does not.
Indicators provide probabilities, not answers.
Oversold conditions indicate a sharp short-term decline, but they don’t mean the bottom is imminent: in a weak market, RSI can remain below 30 for a long time. A bullish divergence is more worth watching—the price makes a new low, but RSI does not.
Indicators provide probabilities, not answers.