DGR 3.57% 5.4¢ dgr global limited

rsis oversold

  1. 5,899 Posts.
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    Don't know if you have been watching them: the short-term RSI (14d) is now at 37, and is looking very oversold. The last time (in recent history - since the stock stopped bouncing along the bottom) is was at similar levels was on 28th May when it hit 33: if you remember, the SP hit 26.0 (retracing from 39.0) and then put in a quick reversal to head to 49.

    Simply put: on technicals its a fair bet that we will see the RSI (and SP) rally soon. A nice thing to see would be a close at 38.0 (a dragon fly doji) which would signal a reversal to this current pullback.

    Best regards

    (All personal opinion: and a happy holder/buyer!).
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