Gordon also analyzed implied volatility and he concluded that the implied volatility is overbought
going into earnings.
In the capital, the Abu Dhabi index may consolidate or even fall as it is in overbought
TWSE announced today that the securities net overbought
position by foreign investors was NT$4.01 billion during the week of Nov.
The current rule also imposes a penalty of P30,000 per day, per transaction, whenever a bank is in excess of its oversold or overbought
The stock barometer slipped below the 7,400 level on Thursday as investors trimmed their exposure to overbought
The Q3 futures look overbought
from a technical perspective.
Momentum indicators had been flashing "overbought
" lately following a strong six-week rally from sub-1.2300 levels, which capped out last week at 1.3001, which is an eight-month high.
However, all three indexes entered "overbought
The RSI, which had been consolidating near the overbought
zone over the last few days, has started to move lower.
Losses on Friday moved it away from its most technically overbought
level since July 2009.
"Abu Dhabi stocks started to descend from overbought
levels yesterday and could continue as the index still remains in overbought