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GameStop is Now Oversold (GME)
· 12 hr. ago · Stickied comment · edited 12 hr. agoWhy GME? || What is DRS? || Low karma apes feed the bot here || Superstonk Discord || GameStop Wallet HELP! Megathread
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https://www.nasdaq.com/articles/gamestop-is-now-oversold-gme?theme=2&color=2
4 more replies
This is a term referring to the relative strength index, aka RSI.
People in this sub should begin getting familiar with using it as many, many people would say it’s arguably one of the best and most famous charting/analysis tools/indicators available.
It was first published in 1978 by J Wells Wilder in his book New Concepts in Technical Trading Systems - and has been in use by investors across the globe since then.
Hijacking top post to state what should be obvious.
Oversold = Relative Strength Index < 30
This is a controlled stock managed Algorithmically.
Now. You can look back at previous times GME has traded at 30 RSI and glean from that what you wish.
The lack of intellectual curiosity here is INTERESTING 🤨
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Was going to say. Just now oversold? Been oversold since before the sneeze lol
