“StockCharts Added RRG Scanning. Here’s How to Use It”
AI summary · ECHO is coming out of a broad base with improving relative strength—it has entered the improving quadrant and RS momentum crossed above 100, while RS ratio remains below. The speaker likes the setup and sees lots of upside if ECHO clears 101, 104 or 105.
See what Echo is doing. So here, Echoar holding long base relative strength starting to pick up RG lines. I need to make this let's say 3 months. And now you can see what's happening.
Now you can see that has moved into the improving quadrant. RS momentum has crossed above 100. RS ratio is still below and we're getting there. So I like this kind of stocks because they're coming out of a broad base where strength is improving.
If this takes out say 101, 104, 105, there's lots and lots of upside potential.