Some positives from my trading platform would almost induce investors to buy, pity the market doesn't agree.
Bullish Signals:
• The price increased 1.2% in the last week. The stock is oversold according to the Williams % R indicator of -81.8.
• The current short volume is 0.1 times its own historical average of 0.3%. It plummeted 63.5% from the previous day, plummeted 83.2% from a week ago and plummeted 66.6% from a month ago, a significant bullish indicator.
• "A stock price down to at least two-thirds of tangible book value per share"; the price is 0.4 times tangible book value per share of $A1.2.
Hmm!
Definitely oversold plus tangible book value $1.20/share.
The only way is up then?
Maybe, provided the PoG doesn't tank and can eventually head north.
SLR Price at posting:
41.5¢ Sentiment: Hold Disclosure: Held