Username: LuckyMan Rating: Asked to: Talitha Taslim Date Created: 27 Feb 2017 |
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Category | 46 |
Tag | Financial |
Question | What does 'Oversold' mean? |
Hello LuckyMan, Oversold is a condition in which the price of an underlying asset has fallen sharply to a level below where its true value resides. This condition is usually a result of market overreaction or panic selling and is generally considered short term in nature. When an asset has been oversold, the price is expected to rebound in an event referred to as a price bounce. |
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