The RSI Series

One of the stocks that I trade frequently is CF (CF Industries Holdings Inc). Today the stock started off weak and continued to drift down out of the gate. The RSI overshoot of 20 was a good place to begin looking to put on a new long position. The bounce, touch of RSI 60 and reversal were good places to exit the long and go short if desired. A KISS approach.

A look at a current 5 minute chart:

 

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