Series 7 - General Securities Representative Exam
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The daily RSI indicator is currently reading 20. This indicates that the underlying financial instrument may be
Overbought
A
Oversold
B
In a head and shoulders pattern
C
Above a key moving average
D
Explanations
Relative Strength Index measures overbought / oversold conditions. 20 being on the oversold side and 80 being overbought. It runs on a scale of 1 to 100