RSI

14 jul 2022

In the month July 2022, It moves downward and above the horizontal reference level of 30, this is a bulish sign and indicate buying signal. RSI rises over the horizontal 30 reference which is the value is 36.46. This means RSI is a positive indication and indicate bullish sign. A sign of a rising trend is when there is a movement from below the centerline (50) to above it. When the RSI value moves above the 50 line on the scale and towards the 70 line, this demonstrates what is known as a rising centerline crossover. This is interpreted as a bullish signal until the Relative Strength Index (RSI) gets closer to the level of 70 because it shows that the market trend is getting stronger. As investor, we enter the market as trading buy at the price of 32.92. The target price is set above the enter market which is 35.02 and the stop loss set below the current price which is 31.20.