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ASPI's RSI seems bottoming out with the formation of a rounded bottom. A couple of days with positive ASPI movement will signal a resumption of the ASPI up move.
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+2
smallville
The Invisible
6 posters
ASPI Status Update
The Invisible- Posts : 3116
Join date : 2016-11-28
Age : 44
ASPI's RSI seems bottoming out with the formation of a rounded bottom. A couple of days with positive ASPI movement will signal a resumption of the ASPI up move.
The Invisible- Posts : 3116
Join date : 2016-11-28
Age : 44
Good signs were seen today. RSI improved to 42 and formed a tiny rounded bottom in RSI chart as well as MACD. Can the ASPI perform the same tomorrow as well. If so we can be able to smile again.
smallville- Top contributor
- Posts : 1872
Join date : 2014-02-23
Location : Trying to figure out..
Rounding bottom for MACD & RSI?
OMG!!!!!
OMG!!!!!
_________________
I take risks as a Trader and I select stocks based on Tech and daily Cash in/out. Therefore, my methods may not suit u.. so DYO analysis before making any decisions.
malanp- Posts : 518
Join date : 2014-03-04
Rounding bottom done throu a plastic surgery.. better than narrow bottom.. Bottom gets rounded up automatically with the age..
Last edited by malanp on Fri Jul 28, 2017 8:53 am; edited 1 time in total
CK- Active Member
- Posts : 1393
Join date : 2015-11-01
Yes small. I think it's a mistake. Rounding bottom refers to the price action as I know.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:rounding_bottom_reversal
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:rounding_bottom_reversal
The Invisible- Posts : 3116
Join date : 2016-11-28
Age : 44
ASPI entered into a deep oversold region today. With today's fall RSI now stands @ 20.
Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
Reversal of indices are imminent as per text books.
The Invisible wrote:ASPI entered into a deep oversold region today. With today's fall RSI now stands @ 20.
Backstage- Top contributor
- Posts : 3803
Join date : 2014-02-24
I hate text books. 
Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
Yes, no text book can teach us 100% fool proof methods, but they generalize natural patterns for easy reference. "What goes up should come down" as per scientific explanations of gravity. It can be applied to stock market as well. Similarly, it was observed over the years, that when RSI reaches the over sold region, indices are likely to bounce back. I treat is as a type of bottom for picking bargains.
Backstage wrote:I hate text books.
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