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YOKU not overbought yet!

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advance_11 January 24, 2013 (Chinavestor) Youku Tudou (NYSE:YOKU) is on top of the overbought chart on Thursday. Good news for longs is that the stock is not considered overbought despite recent rally. Same is true for Sina Corp. (NASDAQ:SINA) and Home Inns & Hotels Management (NASDAQ:HMIN).

OB_20130124

Linktone Ltd. (NASDAQ:LTON) jumped 5.83% on Wednesday after touching an extreme oversold position a day before. There is no oversold China stock at the moment according to the chart below.

OS_20130124

Overbought A technical condition that occurs when prices are considered too high and susceptible to a decline. Overbought conditions can be classified by analyzing the chart pattern or with indicators such as the one above. A sharp advance from $15 to $30 in 2 weeks might lead a technician to believe that a security is overbought. Or, a security is sometimes considered overbought when the stock is trading out of its trading envelope and is approaching the theoretical high. It is important to keep in mind that overbought is not necessarily the same as being bearish. It merely infers that the stock has risen too far too fast and might be due for a pullback.

Oversold A technical condition that occurs when prices are considered too low and ripe for a rally. Oversold conditions can be classified by analyzing the chart pattern or with indicators such as the one above. A sharp decline from $30 to $15 in 2 weeks might lead a technician to believe that a security is oversold. Or, a security is sometimes considered oversold when the stock is trading below its trading envelope and is approaching theoretical lows. It is important to keep in mind that oversold is not necessarily the same as being bullish. It merely infers that the security has fallen too far too fast and may be due for a reaction rally.

aa_OBOS_expl_2weeks



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