The RSI buy, or short, in Whole Foods – the series

I like to put several of these out each month, showing a simple approach to using RSI to buy and/or short a stock intraday using the 5 minute chart. I have chosen $WFM (Whole Foods) for an example for this post:

Today you have had 3 different spots to initiate a long or short position, after the first drop, using the oversold or overbought levels of RSI. So if simple is for you, and you trade intraday (or scalp), this may be a good strategy to use.

Hope your week is going well.

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