Definition of overbought in English:

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overbought

Pronunciation: /əʊvəˈbɔːt/
past and past participle of overbuy.

adjective

Stock Market Overvalued owing to excessive buying at unjustifiably high prices.
Example sentences
  • Many traders use them primarily to determine overbought and oversold levels, selling when price touches the upper Bollinger band and buying when it hits the lower Bollinger band.
  • First off, the 20-day price channels on top of the price action allow you to follow the overbought and oversold positions of this chart.
  • In the early stages of a new trend, these indicators can stay in the overbought part of the scale for a very long time, particularly at the start of a new bull market.
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