RSI overbought

Dec 15, 2020

RSI is overbought at intraday as well as daily level. Expect a correction till at least 225/220 before any further up move.

Dec 16, 2020

Note

Trade closed manually: Overbought Script could not manage to go up much. Did not give a breakdown yet as well. If it breaks down below 229. It has to quickly move to 225. My trade was at 234 (with an SL of 240 and a target of 225), where 15 mins RSI14 had peaked and the stock was outside the Bolinger band. Gave me a solid 4 point from there. I exit my trade as this stock is consolidating and building a base, so the chance of either side movement increases

Dec 17, 2020

Note

Final update: ZEEL gave a Flag and Pole breakout, gave the target, and dropped to give my initial target. The technicals are so astonishing. No trade on this.