if we get more news about the sports drink acquisition this could run pretty explanation is charted.
The Barchart Technical Opinion rating is a 100% Sell with a Strengthening short term outlook on maintaining the current direction.
Long term indicators fully support a continuation of the trend.
The market is approaching oversold territory. Be watchful of a trend reversal.
AI Rating-
INKW closed up 1.81 percent on Friday, August 20, 2021, on 23 percent of normal volume.
The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
The Barchart Technical Opinion rating is a 100% Sell with a Strengthening short term outlook on maintaining the current direction.
Long term indicators fully support a continuation of the trend.
The market is approaching oversold territory. Be watchful of a trend reversal.
AI Rating-
INKW closed up 1.81 percent on Friday, August 20, 2021, on 23 percent of normal volume.
The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.