Stocks To Keep A Close Eye On

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prasadam

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Hi,

Prasad,

Thanks a lot for your detailed explanation and time given for posting to my querry.
This information was required to know if there is any other findings while working with crossover and BB as shown in the graph.

I am trying to find an explanation for RSI and stocks where there is less whipsaw's, refer a stock Zylog, where RSI(21) is above or near 70 most of the time from 08\04\2009 till date.

Your valuable inputs will be a great help to me.

Regards,


CNB
hello CNB,

I am attaching the chart of Zylog.

if you observe RSI have given a sell indication 12th Aug. the reason being it is coming down from overbought zone. but, still the price is continuing to rise. and MACD has given a sell signal on 12/8 and a buy signal on 14/8.

So, sometimes, these indicators could be misleading.

However, please go through smart trade's thread which goes something like "how to trade occillators". where in he has explained how to trade in these over bought zones.


cheers.

prasad.


 
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