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.
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