Real Brands, Inc. (OTCMKTS: RLBD) has consistently bounced off of its lower Bollinger Band. This morning the stock is coming off of the lower band and also confirmed support above $0.0279.
The first resistance level to monitor is $0.0323, following that $0.0345 and $0.0367.
The stock has shown the ability to move on light volume, and has a few indicators short term investors love to buy on pointing in the right direction:
20-50 day MACD Oscillator
20-100 day MACD Oscillator
Why RLBD Could Go Parabolic
In a recent interview with CEO Thom Kidrin, there were several major potential catalysts highlighted:
- “We should have revenue guidance in Q2 or Q3”
- “I am speaking to two beverage companies with distribution and production, the products include a non-alcoholic beer, CBD beer, and THC beer.”
- “Turning Point Brands (NYSE: TPB) is 23% equity shareholder, we supply CBD to them and are exploring other strategic avenues. I am in close communication with TPB’s CEO.”
RLBD is also recently uplisted to the OTCQB meaning more investors are able to take part in the stock due to the greater level of transparency.
This technical move could bring in investors monitoring this story. The company CEO also stated that after the uplist he would have “five major deals to announce”.
So far he’s announced one (major EU distribution agreement).
That’s four potential catalysts alone.
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