Tradeskills has it dead on. At this point most people should understand this is a terrible time to sell. I'm sure a few day traders may take action in doing so, but extremely high buy to sell ratio, even on low volume, will put pressure on the ask but may make it oversold. Keep cautious and try to understand why there are jumps rather than assuming it's news. There are just days like this, but in my opinion with the amount of buys I see charted, I don't think it's pushing oversold.