RE: Optician.4 May 2022 16:59
"So your saying, no matter what news that comes out, once its in TA Overbought range, it will stay in overbought until it reverses no matter the news?"
Neut - it could go sideways until the 'overbought' position is no longer true, it doesn't have to fall. Google it, it's just a few sums to look at what's happened to the price recently. Ooooh, it went up, it might go down. Ooooh, it went down, it might go up. Download some historic data and backtest making decisions based on these metrics. Let me know when you've proven they don't work.
Clip clop clip clop.... look who has trotted back in to town. Lord Elliot of McFibshire. So, somewhere around 140p seems to be a popular opinion. Maybe 137p? Anyway, you do you sweetpea, hindsight trading is fun. It'd be a shame if you missed out on some news with your imaginary trading pot.