Deep Base Breakouts Versus RSI 69.1 Power - #1101

4 years ago

Deep base breakouts tend to be problematic since they have already traveled a great distance JUST BEFORE they attempt brand new highs.

Unless...

I, also, revisit yet again the power of RSI 69.1 when seeking explosive trading instruments. The higher the Relative Strength Index - RSI - the stronger any trading instrument is. It is where one needs to have a strong stomach so as to be available for the opportunity to be part of rare market explosive moments. Bang! An original Muathe.com concept.

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We look at how to avoid stocks with ugly looking charts since they tend to repeat this pattern of behavior and owning such trading instruments can be frustrating.

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