mxc111

Oversold - FD is a buy

Long
TSXV:FD   FACEDRIVE INC
Normally I buy when the moving average has crossed over signaling a buy but, this chart is showing oversold conditions.

1) the Stock RSI , RSI & CCI are all showing oversold conditions
2) The chart shows decent support at around $11

Potential: the stock closed at $11. 01 and it can rebound back the the fast EMA at $13 - approx. an 18% return

I am buying a 50% position tomorrow

Good luck
Trade closed: target reached: closed it a few days ago at $13.50