Question Details

	Username: ForexGuy Rating: Asked to: Anton Luyten Date Created: 30 Jan 2017
Category	17
Tag	Financial
Question	What does 'Overbought' mean?

Advice from Guru

Hi ForexGuy,

Overbought refers to a situation in which the demand for a certain asset or security unjustifiably pushes the price of that asset or underlying asset to levels that are not justified by fundamentals. Overbought is often a term used in technical analysis to describe a situation in which the price of a security has risen to such a degree - usually on high volume - that an oscillator has reached its upper bounds.

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