Video on Technical Indicator: Williams %R

I recently learned a new technical indicator called Williams %R.  It is very interesting as it can give information on when to buy and when to sell securities.  MarketClub released a video explaining how to use Williams %R to your advantage and uses Crude Oil historical chart as an example.

From this video, it looks like it is time to sell Crude Oil as it recently reached $90 this week.  It is currently between 0 and -20% level in Williams %R, which is sell zone.  Conversely, -80% to -100% represents a buy zone.  I would only apply Williams %R if you are short term investors.

Applying Williams %R technical indicator, I would say AAPL are in sell territory.  Should we be selling AAPL for a short term gain?  What are your experience in using Williams %R technical indicator?

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