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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