It has been observed that the price action is consolidating within a downward channel. Now, the price action has reached to the support zone and also touching the support of the downward diagonal. On such zone, buying can be seen which shall further move prices up.
As per my analysis, RECLTD is undervalued at current levels. It is providing good investment ...
I wish I had found this company sooner!
But as they say, hindsight is always 20/20.
All of the fundamentals point in the right direction:
-I like the fact ~33% of stocks are internal ownership. Often times, as another contributor mentioned, executive management take higher pay cuts and have less stake (shares) in the company without the shareholders best ...
It has been observed that the price action dipped below the book value of the company, which is providing a good opportunity to buy as an undervalued company at discount of 20% from its book value. The price action dipped due to the recent down turn in the realestate market due to Government policy changes in recent year like Demonetization, GST and other. But the ...
