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tinybullcapital
Feb 22, 2019 5:11 AM

Warpaint London W7L - Possible Long Long

WARPAINT LONDON PLC ORD GBP0.25LSE

Description

Another interesting UK small cap to keep an eye on, for a possible long.

This is a counter trend trade, however we think the shares are now undervalued on a fundamental basis.

Technical -

Bullish candle on weekly chart.
RSI in over sold territory but now starting to turn upward.
Great risk to reward of 1/3 before it would be facing resistance from the last big sell off.
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