The stock of TRACKX HOLDINGS INC (CVE:TKX) reached all time low today, Nov, 11 and still has $0.32 target or 10.00% below today’s $0.36 share price. This indicates more downside for the $13.33 million company. This technical setup was reported by Barchart.com. If the $0.32 PT is reached, the company will be worth $1.33M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock last traded at $0.36 per share. It is down 6.00% since October 12, 2016 and is uptrending. It has underperformed by 0.15% the S&P500.
More important recent TRACKX HOLDINGS INC (CVE:TKX) news were published by: Marketwired.com which released: “TrackX Holdings Inc.: Reverse Takeover Completed” on May 26, 2016, also Marketwatch.com published article titled: “TrackX Holdings Inc.”, Marketwired.com published: “TrackX to Present at RAI$E at the STAMPEDE Investor Conference, July 6-7” on June 29, 2016. More interesting news about TRACKX HOLDINGS INC (CVE:TKX) was released by: Bizjournals.com and their article: “Arizona medical pot technology company buys a Colorado business” with publication date: July 01, 2015.
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