I don't use RSI much. Now that I've had a good look, whoever posted oversold must have used the 50 line to make the call. It more likely that you're right and it's not yet in the real oversold zone. The only indicator looking good is the Slow Stochastic.
Anyway, I'm looking for a positive spin and I've found one looking at gaps. TEX is very good at filling the gaps. Look at all the yellow rectangles: they are gaps and they ALL got filled. A new gap was created today so we can be sure that in the not too distant future today's gap will get filled.
Cheers, 10cents
TEX Price at posting:
4.7¢ Sentiment: Hold Disclosure: Held