DongdaemunTrendsetterStyle
Wed May 22 2024
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5 answers
1110
Should I sell if RSI is above 80?
Should I sell if the RSI is hovering above 80? I've been hearing a lot about the Relative Strength Index as an indicator for overbought and oversold conditions in the market. But I'm still not entirely sure how to interpret it. Is an RSI above 80 a reliable signal to sell my holdings? Or could it just be a temporary spike that doesn't necessarily indicate a reversal in the trend? I'd appreciate some clarity on this matter. After all, timing the market is crucial, and I don't want to miss out on potential gains or make a hasty decision that could cost me dearly.
