As you can see on the chart, there is clear positive divergence forming on the RSI, which is in completely oversold territory, MACD is also turning upside.
With all FUD regarding the Chinese stocks, I would say it is hard to find an American listed company so cheap and with such potential.
Proceed with caution.
Comment
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Reeds director John Bello just picked up 135,000 shares.
Trade closed: stop reached
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Did not go as expected. With the recent Q3 report and yesterday's SEC form we can expect 30s, perhaps even lower.