The phrase "overbought territory" refers to a situation where the demand for a particular stock or asset has become excessive, causing its price to rise too high and potentially indicating that it might be due for a decline or correction.
Sentences with «overbought territory»
As in the case of Monero and Dash, short - term traders could still play the upswings in the coming period, but long - term investors should be reducing their positions on the rallies, as the coin is now in overbought territory on both time - frames. (hacked.com)
It is even clearer in Monero and NEO where price action is trending from overbought territory and accompanied by a clear sell signal. (dailybitcoinnews.com)
On the shorter timeframe the SPY and QQQ are moving deeper into overbought territory and may need a pause or pullback, while the IWM is consolidating. (dragonflycap.com)