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RSI up when price down

Hi Singaporegal,

I think U are right. Thanks for the clarification.

 

Hi terryaw,

I am looking at the UTAC chart and I see its RSI and Williams %R fall together with the fall in UTAC price.

What time did you look at the chart? Because after the trading day ends, I notice the charts will only be updated with the new day's values after around 8pm. So you might be looking at yesterday's values.

 

Hi all,

I am very new to TA and hope to learn from all of you here. I observed that on 20 Jul UTAC is having a price of 0.69 and RSI is at Oversold area. However today when UTAC price dropped to 0.675,  the RSI went up instead and clear the Oversold area. Same goes for the William %R. Why?

Can anyone please enlighten me. Thanks