New ZHUD Update: Today's Profile Is Surging Up An Approximate 42%, Key Details Now
ZHUD is rocketing out of the opening bell.
Up an approximate 42% currently, this profile has already hit a high of $.037 today.
We've already seen a high of $.041 this week. Could a continued bounce gain momentum and push ZHUD through that mark short-term?
If you haven't read my initial report below, do so now and get ZHUD on your radar quickly.
Zhuding International Limited (ZHUD)
Zhuding International Limited is an innovative building materials manufacturer with primary operations in China. Focused on environmental protection and innovation, Zhuding International uses its own patented technology to create lightweight composite wall panels suitable for use in commercial and residential construction from recycled materials derived from mining, industrial, agricultural, and domestic waste.
These panels, which are durable, energy-saving, and insulating, are standardized and modularized to create a system of easy design and assembly, therefore making it easier to build new energy-saving and environmentally friendly buildings.
Huge Potential Breakout Catalyst - Take Note Now
Recently, ZHUD dropped this huge press release. Read here:
Zhuding International Limited - Using Copper Nanomaterials as an Antimicrobial Surface
FUZHOU, CHINA / ACCESSWIRE / July 27, 2020 / Zhuding International Limited (OTC PINK:ZHUD) As CV-19 has spread, so has our fear of surfaces. Zhuding International Limited is optimistic about the trial for copper nanoparticles on the building materials. "Due to their positively perceived characteristics, nanomaterials are increasingly used by the construction industry on building surfaces creating so-called "nano-effect," said Xiang Mulin, Chief Executive Officer of Zhuding International Limited.
Xiang Mulin said, "We are taking the first step in applying copper nanomaterials on construction products to prevent the spread of bacteria and viruses. And we want to make this affordable and ready for commercial use."
With the pandemic creating new concerns daily, how huge could this news turn out to be for ZHUD?
It Could Be A True Game-Changer! Here's Why...
China's construction industry is expanding at near breakneck speed.
The country has the largest buildings market in the world, making up 20% of all construction investment globally. And it’s only set to grow: China is expected to spend nearly $13Tn on buildings by 2030.
As the country finds new ways to bolster its robust economy while doubling down on sustainability, significant investment opportunities are emerging in Chinese markets such as construction, architecture, and urban design.
In fact, China is expected to be home base for almost half of the world’s new construction in the next ten years. Currently, the country builds up to two Bln square meters annually.
China Daily's website even reports, "Chinese cities will basically realize smart living by 2035. One Bln Chinese people, or over 70 percent of residents, will live and work in cities with area of 100,000 square kilometers, and will use smart technologies."
ZHUD Could Be In A Prime Position To Succeed
Zhuding International, with its strong management and in-house RD team, is positioned to continue to excel and remain at the forefront of the building materials industry in China.
What makes Zhuding so attractive at the moment – not to mention time-sensitive – China has demanded that all new buildings must be “certified green buildings.”
With a catalyst like that, it’s no wonder Zhuding International just reported revenue of $52.2Mn at the end of 2019. It’s even successful bringing in $13.97Mn. (OTCMarkets.com)
Potential ZHUD Catalyst - Oversold Technicals
At close on Wednesday, August 5th, ZHUD was displaying multiple oversold technical indicators that could be signalling a potential reversal in the short-term.
Looking at ZHUD's chart closely, a healthy reversal could be on the way. Here's Investopedia's definition of a reversal:
A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside. Reversals are based on overall price direction and are not typically based on one or two periods/bars on a chart.
Like we saw with Monday's profile, a reversal took place quickly shooting the stock on an over 100% intraday surge.
According to Barchart, several technicals appear to be leaning oversold (as of Thursday 4:00PM EST). Here are 3 important ones to note right now:
- 14-Day Raw Stochastic = 3.01%
- 14-Day Williams %R = 96.99%
- 14-Day Relative Strength Index = 28.09%
If people take notice of these oversold conditions on ZHUD, they might recognize the stock as undervalued.
A potential reversal could come quickly after that. Just take a look at how fast ZHUD can move in the short-term.