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Why oversold doesn’t mean ‘sell’

September 9, 2018

The most extended monthly charts in the SP-500 index.

Are they a ‘Sell’ because of this? No, unless several support levels are broken.

$ALGN monthly chart

XL Capital ($XL) monthly chart

Advanced Auto Parts ($AAP) monthly chart

Amazon ($AMZN) monthly chart

Netflix ($NFLX) monthly chart

Advanced Micro Devices ($AMD) monthly chart

Chipotle ($CMG) monthly chart

Adobe ($ADBE) monthly chart

 

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