Lesson 1: Oversold Chart Pattern


Lesson 1: Oversold Chart Pattern – 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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Sold remainder of ZLCS @ $1.30 based on JB’s market comments…for $2,625 profit! Thanks JB!

Dawn M.
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