The chart shows a simple story of how price and RSI are behaving together. The shaded boxes mark two past trade setups. In the first setup, price formed a bottom, RSI started rising from oversold levels, and after that the price moved up strongly. The second shaded box on the right shows a similar type of setup forming again. Price has bounced from the recent low and is now trying to move above the previous small consolidation.
The arrows on the RSI highlight two important points. Both arrows show moments where RSI started rising sharply from the lower zone, showing momentum coming back into the stock. When RSI moves up from the 40–45 area, it often signals early strength. This happened in the earlier rally and is happening again now. The rising volumes in the recent candles also support this move, indicating that buyers are becoming active.
Overall, the marking on the chart shows a possible repeat pattern: price forming a base, RSI turning up, and volumes increasing. This combination suggests that the stock may attempt another upward move if momentum continues.
The arrows on the RSI highlight two important points. Both arrows show moments where RSI started rising sharply from the lower zone, showing momentum coming back into the stock. When RSI moves up from the 40–45 area, it often signals early strength. This happened in the earlier rally and is happening again now. The rising volumes in the recent candles also support this move, indicating that buyers are becoming active.
Overall, the marking on the chart shows a possible repeat pattern: price forming a base, RSI turning up, and volumes increasing. This combination suggests that the stock may attempt another upward move if momentum continues.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.