Tuesday, April 21, 2015

Wondering a little about India and RSIs

India chart, a bit squished up because I wanted a whole year of candles:

On the one hand, the daily chart has the price at -2SD at RSI(20) at 33. That seems, over the past year, to have been a good point to buy India. You usually seem to get rewarded with at least a 10% pop.

Also, $18.25-$18.50 was a pivot back in Nov-Dec, so that might be a support line.

On the other hand, why do I want to buy an India ETF?

Well, Shaoul seems to suggest it might be a good idea.

I wonder if I'll take a position today.

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