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.
Very nice cup and handle formation on the chart - so clear I did not even bother to draw it:).
Promising future for the company - deals with Canada, Army bases, 1000 CVS stores across the USA, a recent report on the increase of revenue,...
Will test the 1.6 area very soon, before the Q2 results, in my opinion., If it breaks that area, the gap between 2.6 and 3...
CEO Norman Snyder has a history of restructuring beverage companies for acquisition. Since his indoctrination in 2020, supply chain issues have shown positive progress evident by nearly 50% YoY growth. Several expansion deals dealing with US DoD, Canada, CVS, & internal moves to the refrigerated section. Moreover, the company has issued strictly direct offerings...
Here is one for you penny stock folks.
REED looks like a decent long. As you can see its already tested resistance at the red line(1.21) just as we like. Now we wait for it to retest support at the green line(0.89) and we get in at or below the green line, with our stoploss below white line(0.57). Expect this thing to tag the orange line(1.53) and perhaps reverse...
Hi all!
I think REED entered in an uptrend.
Just above MA200 and POC as you can see on the chart.
MACD crossed on weekly and soon will cross above the zero line.
Volume increasing.
It will soon activate a possible inverse head and shoulders.
Price Target 2$+
*full disclosure* I have a 10,000 CHF long position in REED
Reed's Ginger might be a small-cap, but it's the market leader in ginger-based brews. When dealing with an illiquid stock at a historically low levels, technical chart breakouts typically do not provide enough volume to catch the opportunity. That is why we have classified REED as a "buy-to-forget"...
Reed's, Inc. engages in the provision of carbonated and non-carbonated beverages. Its product lines include Reed's Ginger Brews, Virgil's Root Beer, and Flying Caldron Butterscotch Beer. The company was founded by Christopher J. Reed in June 1987 and is headquartered in Norwalk, CT.
NASDAQ
