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When it is used as an oscillator, a positive value indicates an overbought market while a negative value indicates an oversold market.
I am continuing my search for undervalued or oversold quality stocks and have been watching Rio Tinto.
According to analysts, any bit of good news in this climate elicits an exaggerated reaction in an oversold market that's coming off a slew of negative pre-announcements.
As for the future, it would not be surprising if markets in both America and Europe were to see a technical bounce from what is showing up on many charts as oversold positions.
Well, as I said, the dollar can stage a rebound since it is oversold .
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