1 hr Long Setup - Kbsf - Possible Black Swan Reverse Stock Split
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Company announced a few weeks ago a Reverse stock split moving the share value from $0.18 to $18 in matter of a few days. For the last week it has been testing the .236 level where it has been finding strong support. Currently trading above the 100 ema on the 10 hr chart showing a string of daily doji's. Also a nice wedge, triangle has been forming ever since the original drop from $18 to $8. Also hard to ignore is price was traded at More Than $150 3 Years Ago
All Time High @ $200 +/- Its Nice Looking Hip Trendy Clothing with multiple markets in Asia/Euro/Us
Physical Boutiques & Nice Website w/ Good Collateral ....question is this.... what is the motive behind a company initiating a reverse stock split? future prospects and goals with an eye on the prize? .... or pump and dump penny bs..... whats your take? high risk high reward? Diamond in the ruff or thorn in the side? ...
If It Bounces Of .236 Fib Then 1.618 Fib Target is $27
All Time High @ $200 +/- Its Nice Looking Hip Trendy Clothing with multiple markets in Asia/Euro/Us
Physical Boutiques & Nice Website w/ Good Collateral ....question is this.... what is the motive behind a company initiating a reverse stock split? future prospects and goals with an eye on the prize? .... or pump and dump penny bs..... whats your take? high risk high reward? Diamond in the ruff or thorn in the side? ...
If It Bounces Of .236 Fib Then 1.618 Fib Target is $27
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