At this moment, XFLS is trading above 2 key lines of potential support:
100-Day Simple Moving Average
200-Day Simple Moving Average
Why is this important? When a profile trades above these 2 lines, traders may gain confidence from these levels holding as potential support for a continued vertical move.
As you can see above (chart), higher HIGHS, higher LOWS, A bull trend is identified by a series of rallies where each rally exceeds the highest point of the previous rally. The decline between rallies ends above the lowest point of the previous decline. A series of successive higher highs and higher lows.
Relative Strength Index (RSI): 39.90
When these numbers drop down to the 30% range and lower, they can be viewed as being in oversold territory.
14-Day Raw Stochastic: 17.08%
Williams %R: 77.88%
As the Raw Stochastic nears the 10% range and the Williams %R nears the 80% range or higher, these technical indicators may also be viewed as oversold and undervalued.
Commodity Channel Index CCI (-150)
A reading below -100 suggests that an asset has been oversold and that the price may start moving up.
All theses oversold indicators could be signaling a potential healthy reversal in the next few days.
BARCHART is reporting XFLS as a “BUY” based on overall technical indicators
According to the OTC Markets, XFLS has 372M outstanding shares which 109M are restricted.
Why a low outstanding shares is that important? It’s important on one crucial level. Volatility.
With so few shares available for trading, potential driver indicators can send shares heading vertical in the short-term.
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