SunMoonFood after touching the low of 8.3 cents on 22nd Dec 2016, it had since managed to stage a strong recovery and head higher to touch 11.8 cents on 15th Feb 2016. This is rather positive.
RSI are showing sign of rising which may likely provide further indication that the share price may continue to trend higher.
Short term wise, I think it may likely move up to test 12 cents. Breaking out of 12 cents with ease + good volume that may drive the share price higher towards 14 then 15 cents.
A word of cautious when trading with ultra penny stock counter. Ensure you have the Stop-loss plan in place.
( trade base on your own decision)
Alibaba buying into it ?...
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