Another black candle. Now we have 3 in a row, all with lower highs and lower lows.This steady downward pattern is bearish.
Volume traded at 786,844,800 shares is slightly lower than that of yesterday. Expect the drifting to continue.
Admid the bearish trend, RUBHD holds up extremely well closing 4c higher at 2.35 with some 786,800 shares traded. It appears to me that the counter has strong support at the 2.31 level.
Base on fundamental, the counter looks good to buy.
The above commentary is my personnal opinion and should not be construed as a recommendation to buy or sell.