This is just a technical rebound as shares are already badly oversold
,'' said a dealer at a Singapore brokerage.
One of the reason of oversold
can be the Europe market being in a down-trend.
Bank stocks are rebounding from oversold
levels, but it's too early to say that the fundamental outlook has changed.
amp;bull; Euro testing 20-Day SMA • Dollar/Yen upside seen • Cable looking oversold
• Dollar/Swiss to 1.
The last two bottoms in the S&P were marked by oversold
stochastic readings below 20.
Two fourth-quarter educational programs sponsored by Tax Executives Institute were oversold
They look for undervalued stocks that were oversold
for tax selling.
The cognitive position on reward is unfortunately oversold
these days," contends Allen Neuringer of Reed College in Portland, Ore.
We saw some optimism last week and I said the following - "The stock is showing a short-term oversold
condition but the former support near 18 now looms as overhead resistance.
The dollar-loonie has moved only 50% of its daily ATR, which could lead the pair to trend lower over the next few hours of trading as oil and global stock prices push higher however, as the RSI approaches oversold
territory, we may see the pair hold a narrow range throughout the day following the sharp the decline from earlier this week.
lt;strong>Overbought or Oversold
</strong><br> Wilder recommended using 70 and 30 and overbought and oversold
In Los Angeles we feel that the market is solid yet oversold