Replies to post #573 on Food Innovation

[wow_happens28]

$RIBT broke a declining resistance today and it broke away from the 50 day MA. Looks like it goes through the 100 day MA soon up toward $3. By then we should have the Q4 and year end SEC filings. Last year that was on March 17th. Hopefully good news then or before.

https://stockcharts.com/h-sc/ui?s=RIBT&p=D&yr=1&mn=0&dy=0&id=p76610759797

[wow_happens28]

$RIBT finally traded above the Ichimoku Cloud all day and the 20 day MA held. The next hurdle is the 100 day Moving Average. And above average volume for the day.
https://stockcharts.com/h-sc/ui?s=RIBT&p=D&yr=0&mn=5&dy=0&id=p58129432415

[wow_happens28]

$RIBT traded all day above the 100 day moving average for the first time since the bottom. The tape shows the move was fueled by the bid being raised, good sign as smarter buyers are coaxing weak holders into selling.. The $1.30 official close was was exactly double the 12/16/22 intraday low of .65. The next test is the 200 day MA at $2.84. The lower channel line is rising at about 36% per month. That is a nice sustainable increase, IMO. If it lasts until the August CC, we'd be over $7.60, yes, probably slim chance of that, unless good news comes out. Super news and bast off time.

https://stockcharts.com/h-sc/ui?s=RIBT&p=D&yr=0&mn=7&dy=0&id=p88393334426