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Is RSI building bullish momentum? Crossed Above 20 Day Moving Average shows up after climbing 2.5%
On Thursday, September 18th, RSI moved up 2.5% while volume was to 0.8× the usual levels. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 21.24, 20.79 & 20.45, with resistance at 22.03, 22.37 & 22.82.
Current SwingTradeBot Technical Rating of RSI: C
There’s more where that came from. See all of today’s signals for RSI here.
Read full article here »