Tytan Holdings Inc (TYTN)

[dmlabuda]

When a market is oversold (or overbought) it has noting to do with the number of shares, it has to do more with how far from the 200 day moving average the current price has moved. Typically an oscillator type indicator is used to determine the state of overbought and oversold. All stocks move in waves, just like radio waves and there is a limit as to how far the price can go up (or down) before a correction in the price is required to bring it back in to perspective. The current state of TYTN is recently overbought (on it's way back to being oversold) and the market indicators confirm that. So when that happens a lot of traders will take profits knowing that the price is due to go back down. When the market becomes oversold, they will buy back into the market for the next move up. A market can stay in an the overbought or oversold condition for an extended period of time so, by itself, and overbought/oversold oscillator is not a great indication of when to buy or sell a stock. That's why they are not generally a deciding factor in my analysis.