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The RSI is classified as an oscillator since the resulting fkrex fluctuates between values of zero and 100. SP is oversold and Uwd below 10 also indicating a bounce in the market We're looking to take pieces out of stocks that are on a strong trend, so here's the qualified trend: - The stock should be on an uptrend This does not just mean higher highs and higher lows, we're looking for a real trend which mean Moving Average slope should be positive (I personally use 50MA to indicate this) - The stronger the trend the better.

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