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Right way to look at the RSI (timeframe)
If you look a stock on a 1 month timeframe, the RSI will show a value, but for the same stock , if you change the timeframe to 1 year will show a totally different value. Let's use IJT for example: [1 month timeframe, the RSI is close to 70](https://preview.redd.it/3pb5ou4m90je1.jpg?width=840&format=pjpg&auto=webp&s=ff53bc9793c349153fbe78ff8969e016ab547f9b) [1 year, rsi is at the middle, close to 50](https://preview.redd.it/r6dfs287a0je1.jpg?width=818&format=pjpg&auto=webp&s=3167dcafd9adaed8610614e4efb1988ca5e36cf9) Should someone conclude that if you are buying to hold a year, the price is "ok". But if you are buying for a month it's kinda pricey? Do you use timeframes considering for how long are you buying? If it's a quick buy to catch a swing and sell or if you are buying to keep the stock for some time (1 year or longer). Does it make sense?2
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