Nabati Foods Global Inc C.MEAL

$MEAL shares down, indicators show high rate of overselling

[partystocker]

Shares of Nabati Foods $MEAL/$MEAL.C have taken a serious divebomb down 52% from their previous high in October after IPO. 

The good news is that, as shares descend, indicators are showing a high rate of overselling. Meaning that, at the current rate, we could see shares head into a strong reversal on the right catalyst. 

Right now at a price of $.69 per share, I think the company is extraordinarily undervalued considering the uses and value of their line of products. 

They’ve done a great job thus far of locking in smaller distribution deals through some major grocers so hopefully we will see those retailers take an increased interest in their products. 

If prices get much lower than this I’m only viewing it as an increased discount to traunch. $MEAL is currently trading at $.69 and the company is valued at $31.34 million.

 

[ReitsRus]

Poor indicators, again look at the Chart and volume drying up, lower highs and lower lows, sold at the $1.30 and $1.20's, it's obvious that can't produce to supply. Wouldn't be surprised to see .50 or lower end of this week. I wouldn't touch this unless we start seeing an uptrend or base building.