ðĨ CFX First Daily Oversold In 2023 Bounce Idea
CFX has seen incredible gains in the start of the year. However, we've been largely been trading rangebound since the March top.
As of today, CFX's daily RSI is on the edge of being oversold. This is the first time since half December that the RSI has hit daily oversold levels. This is significant because it has taken 6 months for it to happen, hence I'm anticipating bulls to step in.
Keep in mind that we're currently in a news-related event, so volatility is to be expected. The signal will activate once the daily RSI has closed below 30.
As of today, CFX's daily RSI is on the edge of being oversold. This is the first time since half December that the RSI has hit daily oversold levels. This is significant because it has taken 6 months for it to happen, hence I'm anticipating bulls to step in.
Keep in mind that we're currently in a news-related event, so volatility is to be expected. The signal will activate once the daily RSI has closed below 30.
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