juicyjeff420
Short

RSI 55 level constantly providing sell signals

NYSE:OXY   OCCIDENTAL PETE CORP DEL
oxy
10 0 1
oxy
9 months ago
Notice every time 55 breaks, there's a long down trend in the RSI to somewhere around 32. It's obvious that this is going to happen again, because the downtrend has already been developing for the last several days.
8 months ago
Comment: I drew the bottom edge of the box too low, it should be at 50, because notice how in july and in december, it kept on bouncing off of 50. as soon as it broke, there were big down moves. So this trade has just become more risky, but I still think its a good short to take
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