RE: Latest Chart - RSI Indicates Over bought position2 Aug 2021 14:42
I think vis-à-vis the RSI HE1 is ok, I see it on the daily close at 64.89 and I would only look for a pullback once its up around 80, so quite bit headroom I think still?
I think the close above 27.1p was significant and therefore any pull back I would expect it to go there first.
However by the very nature of the potential moves in the SP that could result over the short term, it may be academic.
But, If the SP carries on creeping up to say, 29-30p, then that could put the RSI up to 80 and then at that stage without news, a small pull back to 27p might look to be on the cards, but all of that is 2-3 days away t least to unfold and who would bet on no RNS within that timescale?
This is still not the worst place to buy into HE1 on the above forecast using TA,, if you haven't already. (Just imo, DYOR)