An asset is said to be oversold when its price has dropped significantly and there is a chance for the price to bounce. Being oversold doesn't guarantee a price rally will occur soon or at all since an oversold state might linger for quite some time. Oversold and overbought levels are identified by numerous technical indicators. These technical indicators base their evaluation on how the current price is moving in relation to earlier prices. Fundamental analysis can be used to determine whether an asset may have been oversold and has departed from its usual value measurements.
As we all know, 2022 has been a painful year, and it continues to be so. What works during a bearish market are a few strategies: shorts, inverse ETFs, holding cash positions and day trading. Today we take a look at ATXI and see how we day traded it. Watch this video to get the technicals. Good trading! Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agency. This is