These stocks are overbought and may crash soon
GE(GE) Finbold·2024-02-20 17:28
During the holiday period, stock markets experienced a lull with minimal activity. However, certain stocks garnered investor attention, pushing them into the ‘overbought’ territory, potentially paving the way for a price correction.When an asset is overvalued, it usually signals a bearish outlook, indicating a forthcoming decline in the stock. This expected drop in price is anticipated as investors start offloading their positions.Finbold examined certain stocks’ technical and fundamental indicators touted ...