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.