IMO was overbought but after this pullback it brought it to the middle of overbought and oversold. Which means it is heading up.
Shout-out to @maxim77788 for making my charts better by using RSI and Asfx TDI
So this chart is ugly. Lower highs and lower lows, but we are near the 10 year bottom in its price. I think with the peak dollar gearing up for weakening from Fed rate cuts we could see a higher oil price and alternatively a higher IMO stock. Gearing up to open a position of 1.5% to 3% on oversold days.
TSX
