Rising bottoms on the RSI chart

The Relative Strength Index (RSI)

Above, we have RSI chart for AT & T. The RSI is the green line, and its scale is the numbers on the right side, which go from 0 to 100. Notice the RSI was approaching the 60-70 level in December and January, and then the stock (blue line) sold.

Also note that when the RSI dropped to 25 October about stocks climbed to almost 30% in just a few weeks. Using moving averages, trendlines, divergence, support and resistance lines along with the RSI chart can be very useful.

Rising bottoms on the RSI chart can produce the same positive trend results as they would a stock chart. If the general trend of the stock price tangent from the RSI, it might cause a warning that the stock is either over-or under-bought.
The RSI is a great indicator that can help you make some serious money. Be aware that large surges and drops in stocks will dramatically affect the RSI, resulting in false buy or sell signals.