Food Innovation

[gfp927z]

Looks like RIBT is forming an ascending triangle, and breaking through the .64-.65 key resistance area would be big, although it might take a few more zig/zags before punching through. It's also about to get a 'golden cross', so another good sign.

I'm curious if the stock is moving primarily because of Robinhood type activity, or due to fundamentals, but either way the chart looks promising, albeit with a lot of volatility. Wouldn't be surprised to see another test of the converging 200 and 50 MAs prior to 'liftoff', but just a guess. Alternately it might just blast through. These 50% swings are unnerving for longs, but fun to watch :o)



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