The Valens Company Inc. (VLNS)

[GE_Jim]

How low you say, hmmm. Well from the charts we have it closing right at the 200-day avg. From the Fibonacci retracement we just lost the 38 percent at 2.14. The rsi is at 35. One thing of note is it has been a low volume retracement. So, to your point on how low, well it could go to 1.75 and if that fails to hold 1.43. So, from the charts a person could say it may hold right at the 2.05 200 days or go all the way down to 1.43
Ok, away from the charts, we are almost into an oversold at low volume as mention. Not a lot of interest here to buy or sell in volume. All of this drop is not because of the company is doing poorly, but the sector in general is selling off. Much FUD in this sector with many having the same questions, should I buy, sell or hold. All I can do is speak for me, I bought more today of this one and I’m already holding a large position. I buy when a see good value, I believe in 3mo, 6 mo. and 1 year the price will be higher than it is now. I don’t try and time the bottom, close is fine and all the rest is just ebb and flow.
There is a reasonableness to how low or high it can go within reason. IMO we are getting close to that time with this stock and the sector.