Long with a good entry price.
RSI is on 75 and overbought status is looming on daily. It is Overbought with RSI on 70. Overbought status noted on weekly with RSI on 75 but not on monthly as of yet. Securities can remain overbought for a while depending on the circumstances. They can also remain oversold (under 30) for extended periods of time.
The Relative Strength Index (RSI) is a momentum indicator that evaluates overbought or oversold conditions by measuring the magnitude of recent price changes for various assets. The index was introduced in 1978 by technical analyst J. Welles Wilder. The standard settings are 70 and 30. I have it on 75 because this ETF is strong right now.
3 large green candles last 3 trading days which is a lot of buyers.
I plan to buy more on a pull back but not today.
For this to pull back significantly, would mean ARKK stocks like TSLA, ZM and TDOC would have to go up. But it will pull back.
I did not know about SARK until I read a post on Moshkelgosha's site. Thx (o:
No recommendation. Entry price can be paramount.
Noted to be volatile.
RSI is on 75 and overbought status is looming on daily. It is Overbought with RSI on 70. Overbought status noted on weekly with RSI on 75 but not on monthly as of yet. Securities can remain overbought for a while depending on the circumstances. They can also remain oversold (under 30) for extended periods of time.
The Relative Strength Index (RSI) is a momentum indicator that evaluates overbought or oversold conditions by measuring the magnitude of recent price changes for various assets. The index was introduced in 1978 by technical analyst J. Welles Wilder. The standard settings are 70 and 30. I have it on 75 because this ETF is strong right now.
3 large green candles last 3 trading days which is a lot of buyers.
I plan to buy more on a pull back but not today.
For this to pull back significantly, would mean ARKK stocks like TSLA, ZM and TDOC would have to go up. But it will pull back.
I did not know about SARK until I read a post on Moshkelgosha's site. Thx (o:
No recommendation. Entry price can be paramount.
Noted to be volatile.
Comment:
Price is also over the top Bollinger Band set on 80 simple moving average but this indicator is not on the chart. This is also an overbought signal.