RE: good news for mr alaric7 Jun 2019 13:41
mr swan this one is his favorite. rsi. i remember he calls it the really silly investor. it is also showing an upward move. his ramping is paying off after lots of years in the job.
Shifting gears to the Relative Strength Index, the 14-day RSI is currently sitting at 55.60, the 7-day is 53.76, and the 3-day is currently at 48.20 for San Leon Energy Plc (SLE.L). The Relative Strength Index (RSI) is a highly popular momentum indicator used for technical analysis.
The RSI can help display whether the bulls or the bears are currently strongest in the market. The RSI may be used to help spot points of reversals more accurately. The RSI was developed by J. Welles Wilder. As a general rule, an RSI reading over 70 would signal overbought conditions. A reading under 30 would indicate oversold conditions.