Investing in batteries - good idea?

alanj answered 3 months ago …

Good thought. Most of the technicals I use are showing ABAT is oversold. The only one that's not is SLOW STOCHASTICS, but it is headed down. I personally would wait until this technical was reading below 30 or possibly less than 25 before buying. And then use a protective stop. I do believe this stock is getting close to a bottom. If you look at the Williams%R ,on the daily chart, using a trendline you will notice that the peaks have been getting lower and lower on the chart and is now very close to the bottom. It looks as if there is room for one or maybe two more dips before reversing. It is also in an area of resistance. A previous area of support on the middle of May to the middle of June. The RSI is also oversold.