A Reversal for Farmmi, Inc. (FAMI) Is Not Near. The Formed Multiple Bottom

  • Summary:


    The stock of Farmmi, Inc. (FAMI) shows a multiple bottoms pattern with $1.05 target or 7.00 % below today’s $1.13 share price. The 6 months chart pattern indicates high risk for the $14.53 million company. It was reported on Dec, 4 by Finviz.com. If the $1.05 price target is reached, the company will be worth $1.02M less.

    Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

    The stock decreased 3.00% or $0.035 during the last trading session, reaching $1.13. About 904 shares tr ...



    Read Full News: https://lampnews.com/2019/12/04/trending-stock-news/a-reversal-for-farmmi-inc-fami-is-not-near-the-formed-multiple-bottom/

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