Q: One of my designated long term investments - XTC just went over in the "overbought" territories today (RSI - 72.02). What usually follows after it reaches this threshold? Do SP a). usually retreat for good, b). retreat and then restart the climb again shortly, or c). going sideways from that point on?
If it's b). I might try to lock in the profit now and buy back at a lower price later. Is that a sound strategy? Your insight is much appreciated.
I have no experience in handling runaway winners. I'm good at dealing with losers though, lot of experience there.
If it's b). I might try to lock in the profit now and buy back at a lower price later. Is that a sound strategy? Your insight is much appreciated.
I have no experience in handling runaway winners. I'm good at dealing with losers though, lot of experience there.