Kiwa Bio-Tech Products Group Corp (fka KWBT)

[learningthetruth]

Retail...had to churn some shares in this area above the 20ema.

Volume was 27 million on Thursday...green bar indicates a clear reversal.

https://www.barchart.com/stocks/quotes/KWBT/technical-chart?plot=CANDLE&volume=total&data=DO&density=ML&pricesOn=1&asPctChange=0&logscale=0&indicators=EXPMA(5);EXPMA(8);EXPMA(10);EXPMA(20);EXPMA(34);SMA(50);SMA(100);SMA(200);SMA(250);PTP(50);BBANDS(20,2);ACCUM;RSI(14,100);MACD(12,26,9);STOFA(14,3);STOSL(14,3);MFI(14,100)&sym=KWBT&grid=1&height=500&studyheight=100

Yesterday 6 million and a Friday....would've have closed above .03 but few retail wanted to exit before the close.

Heading to 50sma and if dilution is done(which I think it is) we'll break .0379 next week and head to 200sma very quickly (.055) and then .10+

Why, revenue and contracts are growing.....as getmoney12 just posted:

getmoney12 Saturday, 01/11/20 10:02:09 AM
Post # 10123 of 10127

The construction of the manufacturing facility is expected to be completed in 2020 and have a production capacity of 60,000 tons of Kiwa Bio-Tech’s core microbes. The annual production value is expected to be over US$65 million. Straight from 10q, does this mean 100 million dollar revenue, wow. 90 million float. I may sell my others and go all in here. I think dilution is done for a while. Could run really quick with that float. Way under radar right now.

If this dips to the low .02's I will double my position here.