For the previous few weeks, I was actually quite tempted to buy some good stocks which have been oversold as it is quite intuitive that a stock will rebound in stock price after the over-selling. It is like the cycle seen for the stock market in general like a wave. From my experience, buying an oversold stock can give a better probability of a profit than using some other technical indicators to time the buying of a stock. For those who are not into the technical aspects of stock investments, we can tell whether a stock is overbought or oversold by looking at the RSI technical indicator of the stock.
I have seen some good candidates of oversold stocks in the recent few weeks which have since risen in stock price. One such example is Biosensors International Group stock which has since risen from $1.20 to $1.25. Another ......
