Why to avoid stocks where RSI slipped below 40 on weekly charts
Trading Tips Why to avoid stocks where RSI slipped below 40 on weekly charts Better to avoid such stocks As RSI indicates the momentum in the stock Above 60 is positive between 40-60 its sideways and below 40 means the stock has slipped and now momentum is bearish when we see the same RSI slipping below 40 on weekly chart that mean the short to medium term momentum in the stock is bearish and we shall avoid such stocks. Stock on radar $MUTHOOTFIN We need to avoid this stock for trading as the RSI for the stock in below 40 now on weekly charts. All this is for information. This is not a buy/sell recommendation.
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