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>> No.20463069 [View]
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20463069

>>20462710
>not a real thing
It's a TA concept and loosely defined at that. So you're pretty much right. As far as I'm concerned, overbought or oversold refers mainly to rsi readings of >70 and <30 respectively, on one day candles. Amazon is at 57.

Also rsi is shit and I don't understand why it appears on practically everyone's chart screencaps.

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