"Oversold levels" refers to a situation where the price or value of something, such as a stock or a currency, has dropped too much and too quickly. It suggests that the item may be considered undervalued and may have potential for a price increase.
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«oversold»
«levels»
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Sentences with «oversold levels»
- The XLP «did not hit oversold levels at least as of yet which is a complete difference to what we saw in February and March, so that's a minor positive divergence which typically sets up a countertrend move,» Cappelleri said. (cnbc.com)
- # 3 RSI nearing Oversold: In the daily chart, the RSI is moving up from near oversold levels. (tradesoftheday.com)
- Although Monday's rally lacked fundamental drivers, it signaled a return from oversold levels for many digital assets. (hacked.com)
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