HAPP - ABOUT TO BE HAPPENINGNo there is nothign wrong with this stock its a typical bio downtrend. I think this is due for a massssssssive move.
I actually rarely pay much attention to indicators regardless how many I have / most the time zoomed in double clicked in just using volume etc. However, to find end of long term downtrends they can be extremely useful on these.
Bollinger Bands (40 day and 14 day overalapping on bottom)
RSI dead on all time frames
Factors:
-Float 16M when this moves it will move even bigger
-Cash to Debt 18 RATIO. They are not at all hurting for cash in fact did direct offering also. Cash is without a doubt good for future far as I can tell.
-Postitive news / Ecommerce etc. I think it pops VERY similar to WNW
HAPP
Happiness Biotech Group Ltd 🧙Happiness Biotech (NASDAQ:HAPP) trades 4.2% higher premarket after its e-commerce business recorded sales of $14M+ in March, the highest single month's sales since the establishment of its e-commerce department in September 2020.
Among the sales of the e-commerce business, Happy Buy recorded over $11.8M, exceeding the previous expectation of $8M to $10M, and Happy Auto recorded sales of more than $2.6M in March.
Since its September 2020 launch, revenue of the e-commerce business crossed $28M in the past six months, 30% higher than the total revenue of $21.88M of the whole company during the six months ended Sep. 30, 2020.
The company expects to achieve more promising results in FY21.
Happiness Biotech Group Ltd is a nutraceutical and dietary supplements producer focused on the research, development, manufacturing, and marketing of products made from Chinese herbal extracts. Its products include Lucidum spore powder products, Cordyceps mycelia products, Ejiao solution products, Vitamins, and dietary supplements products, American ginseng products, and others. The company generates maximum revenue from Lucidum spore powder products.
HAPP long scenario 🧙Happiness Biotech Group Ltd is a nutraceutical and dietary supplements producer focused on the research, development, manufacturing, and marketing of products made from Chinese herbal extracts. Its products include Lucidum spore powder products, Cordyceps mycelia products, Ejiao solution products, Vitamins, and dietary supplements products, American ginseng products, and others. The company generates maximum revenue from Lucidum spore powder products.
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Covid related stock may skyrocket soon (HAPP, LONG)Soon, Earnings Report.
Very good risk/reward ratio.
Strong sentiment for this stock generally. Considered as a gem by many. Why?
Macro-context: Threat of a second COVID wave.
Fundamentals: Very strong ROCE (Happiness Biotech Group's ROCE is meaningfully higher than the 21% average in the Personal Products industry. )
Source:https://finance.yahoo.com/news/happiness-biotech-group-limited-nasdaq-115758706.html
Sales: "Happiness Biotech Reports Monthly Online Sales Growth of 694%"
Source:https://finance.yahoo.com/news/happiness-biotech-reports-monthly-online-120000206.html
Innovation: "Happiness Biotech Announced Breakthrough in Developing Covid-19 Testing Kits"
Source: finance.yahoo.com
"Happiness Biotech Started Exporting Disposable Hand Sanitizer"
Source:https://finance.yahoo.com/news/happiness-biotech-started-exporting-disposable-120000307.html
Why not hype before? Simply because it was an unknown pre-covid and because it didn't have traction while investors were focused on post-covid momentum. The company took COVID as opportunity to develop.
This stock may get so
