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Classic Example how negative news creates opportunity

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  The above chart is a classic example of how a negative news creates opportunity for investment. RSI oversold with heavy volumes is for accumulation. Subsequently swing bottom confirms the end of correction or pause of correction or fall. Then Dow Theory reversal confirms the end of fall and major reversal. Now the stock is approaching int the breakdown down zone that was seen few months back. RSI in overbought zone and price resistance zone of the earlier breakdown candle. Those accumulate in absolute panic opportunity created and indicated by RSI now get opportunity to book profits. A spike could happen for better higher price. Momentum on daily chart see can extend to purple line. The objective to showing the example is how negative news flows create opportunity. based on charts and its indicators structure/concepts.
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POWER OF RSI

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  This is absolute power of rsi : normal rsi red, blue, green= new uptrend begins green, blue = up trend as long as red is not witnessed green blue, red= new down trend begins. red, blue = down trend as long as green is not witnessed
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Strength Base

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  daily chart. If you are passive investors. then all oversold. on daily, weekly, monthly are opportunity to invest with waiting and gestation period irrespective of MTM Because when various momentum based signal will be only when trend is established. Various momentum-based signals are available.  Now we have seen a historical breakout again with RS MODEL signal. RS Model Signal is outperformance signal in 6 months over benchmark with trend and momentum is established. for momentum based. trend line breakout and green bar at breakout 
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