Breakout Strategy Using RSI 📈

We all know that the RSI is used to identify a stock’s momentum. But did you know that the RSI can tell you about the business performance of a stock as well?

:right_arrow: When a company is doing well financially & the industry it belongs to is blooming, its weekly RSI is found to be greater than 40.

:right_arrow: When it is facing multiple obstacles in its business & is unable to keep up with industry averages, its weekly RSI tends to remain below 60.

Learn how to use this logic to build a breakout strategy in our latest newsletter issue :white_check_mark:

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