Lesson 1: Oversold Chart Pattern

Oversold

Lesson 1: Oversold Chart Pattern ā€“ COOL, ZAGG, RENN, HDY, QPSA, GLUU, LOCM

1. A condition in which the price of an underlying asset has fallen sharply, and to a level below which its true value resides. This condition is usually a result of market overreaction or panic selling.

2. A situation in technical analysis where the price of an asset has fallen to such a degree – usually on high volume – that an oscillator has reached a lower bound. This is generally interpreted as a sign that the price of the asset is becoming undervalued and may represent a buying opportunity for investors.

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FIRST OPTION TRADE with LUKE! Easy as pie. Was in chat, mirrored his IBM, ZAGG and AUQ option trades (probably less contracts though), & sold IBM just now for $670 profit off a $900 buy-in-premium! OMG! Thanks Luke!

Chuck D.
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