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BrightWor
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cashiertan
Elite |
07-Jul-2006 19:50
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Negative, W%R and RSI cannot be used for a stock on trend but mainly on stocks going sideways. Thus my suggestion is take the reading with a pinch of salt. there are some custom indicators for trending counter but need to pay for the it. |
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singaporegal
Supreme |
06-Jul-2006 14:39
Yells: "Female TA nut" |
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The W%R and the RSI indicators measure overbought/oversold conditions. It seems that Bright World is approaching overbought status. RSI > 70 means overbought RSI < 30 - this means oversold W%R > -20 means overbought W%R <-80 means oversold |
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lowalice
Member |
06-Jul-2006 14:01
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Dear Guru, How is BrighWor fairing? RSI (14 days) 62.999 and Williams %R (14 days) read - 20.833. What does this indicators mean? |
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