$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$Some friends ask me that according to Relative strength index (RSI) now is overbought and coming down. To sell or not? To me now is something called RSI stoning. Meaning that if you are stort term trade, this may be a good time to earn.
Do not anticipate the high. For Technical Analyst, do not draw conclusion base on emotion. The next few days need to see if it continue above oversold region. I will continue to hold if it continue to be above 70. Will sell if the RSI start to come down. This is for my short term trade
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