Indices look oversold

According to Google, the 14d RSI for the indices are:
ASX 17.8% (All-Share), MCX (FTSE 250) 22.7%, T1X (techMARK Focus) 28.5%, UKX (FTSE 100) 17.5%.

All the indices are technically oversold, and look ready to bounce. The UKX has been particularly reliable (so far!) at identifying entry points.

TSCO has an RSI of 8.6%, which is very low. However, investing in TSCO based on low RSI during the year would have been a losing strategy.


About mcturra2000

Computer programmer living in Scotland.
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