Lesson 1: Oversold Chart Pattern

Oversold

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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I had a ball with AFFY this week…up 20% on the portfolio, locking in 3%, 5% twice, and 6%.

Kevin S.

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