In the realm of stock trading, where fortunes can rise and fade with a single tick, the Relative Strength Index (RSI) emerges as a guiding beacon for traders and investors. On August 17, StockEdge’s data uncovered a thought-provoking scenario: 13 stocks were entrenched in the overbought zone, yet their RSI trends signaled a bearish or downward trajectory. This complex interplay underscores the importance of digging deeper to make informed choices.
