Rsi and bollinger bands Just a heads up for technical traders. The rsi index has dipped below 30 which can be indicative of a potential reversal as it has reached oversold territory. In addition we are trading at the bottom of the bollinger band which is 2 standard deviations below the simple 14 day moving average. This generally occurs 5 % of the time and otherwise we should be within the bollinger band. If I were entering a trade as a technical trader I would consider placing an order above the previous day high which was US $8.38 or CAD $10.57 for a potential reversal.
If you are a fundamental investor who really cares about technical trading?