Traditional interpretation and usage of the RSI are that values of 70 or above indicate that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below indicates an oversold or undervalued.
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Why do you use SMA over EMA? I prefer EMA in almost all circumstance. Personal preference?
Check out GBS. I like that play. Super small float. Can easily rinse and repeat 10% on a swing. It's good to catch high percentage trades when you can. Bit don't underestimate the power of compounding small gains over time in between those big trades.
I like to scan for 90 and 10. Just for those extra overbought/oversold stocks.