ANZ 1.46% $29.64 anz group holdings limited

ZoombieI'm going to ask a dumb question, but what exactly does...

  1. 181 Posts.
    Zoombie

    I'm going to ask a dumb question, but what exactly does "overbought" mean?

    I get a couple of answers from Google.

    Are you making a judgement call that the sp has risen too high to fast, that the sp is not justified by the fundamentals, or that charting/technicals suggest the sp is too high.

    Thanks in advance
 
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