In trading on Monday, shares of the WisdomTree China Dividend ex-Financials Fund ETF ( CHXF) entered into oversold territory, changing hands as low as $47.42 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 WisdomTree China Dividend ex-Financials Fund, the RSI reading has hit 29.9 — by comparison, the RSI reading for the S&P 500 is currently 38.0. A bullish investor could look at CHXF's 29.9 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), CHXF's low point in its 52 week range is $42.88 per share, with $55.749 as the 52 week high point — that compares with a last trade of $47.42. WisdomTree China Dividend ex-Financials Fund shares are currently trading off about 0.9% on the day.