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Defensive Stock Bargains: Time to Buy Low and Sell High Defensive Stock Bargains: Time to Buy Low and Sell High

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Defensive Stock Bargains: Time to Buy Low and Sell High

Looking to hit the jackpot in Q1? Hear ye, hear ye! The consumer staples sector has got some tantalizing deals for the taking. We’re talking about shares that have been knocked down, kicked around, and left for dead. But you, yes you, can pick up these golden nuggets of opportunity and turn them into shiny coins of profit. It’s bargain hunting time, folks!

What’s the secret sauce, you ask? It’s the RSI, the notorious momentum indicator that separates the haves from the have-nots. These stocks are so oversold, they practically come with a ‘buy one, get one free’ sticker. So, buckle up and get ready to dive into the 4 major players that could lead you to riches. Here’s the lowdown on why these stocks are hotter than a jalapeno on a summer day.

So, without further ado, let’s check out the heavyweight contenders in the world of oversold stocks. These are the warriors with an RSI near or below 30, ready to rise from the ashes like a phoenix and make you the king of the stock market castle.

AgriFORCE Growing Systems Ltd. AGRI

  • On Dec. 20, AgriFORCE Growing Systems filed for an offering of up to 8.72 million shares of common stock by the selling stockholders. The company’s stock fell around 42% over the past month and has a 52-week low of $0.37 .
  • Score on the RSI Scale: 29.12
  • AGRI Price Movement: Shares of AgriFORCE Growing Systems gained 2.2% to close at $0.48 on Wednesday.

111, Inc. YI

  • On Nov. 20, the company posted a wider loss for the third quarter. Mr. Junling Liu, Co-Founder, Chairman, and Chief Executive Officer of 111, commented, “Despite the challenges in the macro-economy as well as retail pharmacy business, we have managed to deliver net revenue growth of 9.5% year-over-year, reaching RMB3.7 billion. This represents the 21st consecutive quarter of year-over-year progression for 111 since our NASDAQ IPO.” The company’s stock fell around 35% over the past month. It has a 52-week low of $1.19.
  • Score on the RSI Scale: 22.24
  • YI Price Movement: Shares of 111 fell 4.1% to close at $1.39 on Wednesday.

Maison Solutions Inc. MSS

  • On Dec. 18, Maison Solutions posted a decline in sales for the second quarter. “Maison Solutions reached an important milestone in the Company’s history with the completion of our IPO in October, and a subsequent private placement in November, better positioning Maison Solutions for future growth,” said John Xu, President and Chief Executive Officer. “We plan to achieve this growth through a combination of organic expansion and strategic acquisitions, while working toward further improving efficiency throughout our organization. The company’s stock fell around 90% over the past month and has a 52-week low of $1.45.
  • Score on the RSI Scale: 25.91
  • MSS Price Movement: Shares of Maison Solutions fell 8% to close at $1.50 on Wednesday.

Webuy Global Ltd WBUY

  • On Dec. 7, WEBUY GLOBAL posted interim H1 revenue of $24.4 million. Vincent Xue Bin, Chief Executive Officer and Co-Founder of Webuy Global stated, “I am pleased to report we achieved a. 62.4% increase in revenue, totaling $24.4 million for the first half of 2023, compared to the same period last year. The revenue growth was primarily driven by a 208% increase in sales of groceries in Indonesia through our platform, reaching $13.7 million for the first half of 2023.” The company’s shares lost around 30% over the past five days. The company’s 52-week low is $0.46.
  • Score on the RSI Scale: 23.34
  • WBUY Price Movement: Shares of Webuy Global fell 15.9% to close at $0.4910 on Wednesday.

 

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