morning traders 16 / 11, page-3

  1. 151 Posts.
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    Hi All,

    I am just starting out with some technical chart reading and have been looking at these random charts to try and understand what they are trying to tell me... (RSI, MACD and Stochastic over 1m period).

    What I think is that the RSI is now entering a downward trend again as it was overbought on the 7 and tried to find support. The slight upward trend today would signal a possible recovery but there is almost a double cross on the Soch and MACD, which would suggest it is bearish still?

    Any help appreciated!

    https://hotcopper.com.au/data/attachments/1356/1356641-d94644a3df4da5834d157960aa3f2779.jpg
 
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