ZLBT Chats

Monday, November 14, 2011

Top 20 Overbought / Oversold Stocks 4ur Perusal

*Note: The list below is the 20 most overbought of the 1000 over Bursa Malaysia listed stocks with 14day RSI above 80. It is generally a bearish or SELL list, especially if the readings approach 90.

Caveat: The list consists of fundamentally sound stocks, and hence are longterm BUY or HOLD stocks.


*Note: The list above is the 20 of the most oversold of the 1000 over Bursa Malaysia listed stocks with 14day RSI close to and below 30, the level below which is considered oversold. It is generally a shortterm bullish or BUY list for technical rebound gains, especially if the readings are below 20.

Caveat: The list consists of fundamentally weak stocks, and hence 
could be an AVOID list.


GOODLUCK & HAPPY TRADING 

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