In trading on Monday, shares of the China Infrastructure ETF ( CHXX) entered into oversold territory, changing hands as low as $16.49 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.In the case of China Infrastructure, the RSI reading has hit 29.6 — by comparison, the RSI reading for the S&P 500 is currently 56.7. A bullish investor could look at CHXX's 29.6 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Looking at a chart of one year performance (below), CHXX's low point in its 52 week range is $14.56 per share, with $20.65 as the 52 week high point — that compares with a last trade of $16.51. China Infrastructure shares are currently trading down about 2% on the day.