In trading on Monday, shares of the Daily FTSE China Bull 3X Shares ETF ( YINN) entered into oversold territory, changing hands as low as $28.08 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 Daily FTSE China Bull 3X Shares, the RSI reading has hit 29.4 — by comparison, the RSI reading for the S&P 500 is currently 47.2. A bullish investor could look at YINN's 29.4 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), YINN's low point in its 52 week range is $17.63 per share, with $39.20 as the 52 week high point — that compares with a last trade of $28.18. Daily FTSE China Bull 3X Shares shares are currently trading off about 7.4% on the day.