Oversold stocks are stocks which are sold beyond a certain point by sellers and in investment technicality, we use RSI to track how much oversold a stock is. Oversold stocks are of interest to buyers as there is a likelihood that prices of these oversold stocks will head up again. This may not be a confirm signal by generally the consensus is this: if a stock has good fundamentals and is oversold, then it is a matter of time before stock prices head up. I present some current oversold good stocks based on RSI as follows, for readers’ reference:
1) Global Yellow Pages
2) Jaya Holdings
3) OCBC Bank
4) Parkson Retail
Overbought stocks are stocks which are bought beyond a certain point by buyers and in investment technicality, we use RSI to track how much overbought a stock is. Overbought stocks are of interest to potential sellers as there ......