The setup for New Silkroutes looks bullish from the chart. The contra squeeze seems to be real and the stale bulls who mostly longed quite high up are either hold or have already cut loss. The stock seems to stabilize now but looking at it, it seemed as though some good news is waiting to be released for the company. In the short term, it might reach between 0.48-0.50. Watching it. Do note that it's an illiquid stock and the move might be slow. Timing to go long is important for this counter.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
