What is tren e

The above example shows a bullish trendline along with an RSI reading that suggests a strong trend. As the trend began to lose strength, with the falling RSI reading, traders may have started to exit the stock. The breakdown from the bullish uptrend represented a potential change in the longer-term direction of the trend. Trend traders that were long in the security may have sold their shares and waited for a better entry point , while contrarian traders may have looked to initiate a long position after the stock had fallen and the RSI had bottomed out.

What is tren e

what is tren e

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