RAD is a buy in my book
Updated
I'm looking at RAD's RSI sitting at the lowest its been in 10 years(since 2009), where it appears to finally be heading northbound after a 5yr southbound trend(since late 2013).
RAD has been in rough waters for 20 years after finding an ATH of ~$50 in 1999 and sinking to its most recent ATL of ~$.065. That's a 98% decline in value! Btw, if I had to guess, that 1999 ATH looks like an exit pump we could probably link to the dismissal or retirement of a former C-level executive.
Anyway, the chart alone says we should see another 2x run to ~$1.56 from its current position of ~$0.73. If we assume this most recent ATL is another data point on an upward trendline tying into 2009's ATL, we've got a higher low on our trendline, which also coincides with a trendline of the RSI from 2009 that is also printing a higher low. From the chart alone, I'm thinking RAD needs to make another run at that ~$9 resistance level in the next 24months.
I'd guess that soon in the future RAD implements a new advertising campaign for a new way to take charge of your personal care that is aimed at millenials, who are all about doing things in a new and different way than how their parents did things, which helps to revitalize its flailing stock prices. This is pure speculation and only time will tell.
RAD has been in rough waters for 20 years after finding an ATH of ~$50 in 1999 and sinking to its most recent ATL of ~$.065. That's a 98% decline in value! Btw, if I had to guess, that 1999 ATH looks like an exit pump we could probably link to the dismissal or retirement of a former C-level executive.
Anyway, the chart alone says we should see another 2x run to ~$1.56 from its current position of ~$0.73. If we assume this most recent ATL is another data point on an upward trendline tying into 2009's ATL, we've got a higher low on our trendline, which also coincides with a trendline of the RSI from 2009 that is also printing a higher low. From the chart alone, I'm thinking RAD needs to make another run at that ~$9 resistance level in the next 24months.
I'd guess that soon in the future RAD implements a new advertising campaign for a new way to take charge of your personal care that is aimed at millenials, who are all about doing things in a new and different way than how their parents did things, which helps to revitalize its flailing stock prices. This is pure speculation and only time will tell.
Note
Holy HHIT Rite Aid! Let's do something. So, price has done nothing but decline (~20%) since I've posted this.
RAD's board, in all their infinite wisdownsyndrome, decided to do a reverse stock split...:::RAD's board::: 'So, let's run the price down to 50% of our target $1($1 so that we can remain listed on the NYSE) so that it looks like from a purely chart-thetical perspective (yeah, I just made that up!) that we've made some strategic changes to turn this company around and start making profits for our investors again!'
Anyway, the weekly and monthly Stoch RSI are both almost bottomed out, indicating another entry point. On the daily I'm looking at price printing a lower low, while RSI prints a higher low, so hopefully that's a sign of things to come and we start to see some real profits again.
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