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Hello Traders,
I won't waste your time here, I found a really nice bounce play. This is one for you day traders looking for an opportunity to take advantage of.
The ticker is OWOO.
To give you a little summary of what they do, take a look:
One World Holdings, Inc., through its wholly owned subsidiary, The One World Doll Project, Inc., designs, manufactures, and markets dolls. The company offers its dolls under the Prettie Girls! brand name. One World Holdings, Inc. is based in Houston, Texas.
Now there are a few big factors I am seeing here that I want to alert you to. Firstly, on the fundamental side its clear there is a consistent and straightforward PR stream in place. Generally we see tickers do very well with a system like this. On top of that, they have confirmed orders with MAJOR top tier retailers like Amazon and a few others. That kind of news has always been a huge catalyst in getting stocks to move.
Now, onto the technical side. You can see just below on the chart that the stock dropped pretty well today, but hit the bottom as shown by the last two green "candlesticks". I would expect something like this to make a move back north, as drops can be overplayed and can quickly return back to highs once the bottom is found, as I believe has happened here.
One last thing to look at, the RSI is at 31. Thats pretty much oversold territory. Opportunity here boys, take advantage of it and keep it on your radar!
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Yours Truly,
The Parlay Network Team
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