RE: chartwise...16 Jan 2023 15:31
The 1 week RSI is now 58 since the share price drops to 68p when RSI was 80 at 73p. Seems your prediction of short term pullback to 60s is quite accurate prediction. The RSI is quite a fascinating indicator...
I think to answer your question whether to sell and buy lower down or trend strong enough so hold, my answer is hold most and sell partially. I do believe it is only a short-term pullback and I do think it will only be a few days before rising back, and since the spreads are quite high, I am not sure how much margin I can make buy short-term sell and then buy back in so I figured it's not worth the risk to sell now during a strong trend up. I will start to sell when the peak of trend stablises IMO, DYOR.