As I mentioned above, a healthy reversal could be in the cards moving forward for FERL.
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.
Above on FERL's 3-month chart, it has been on a downtrend in recent weeks. That said, on Wednesday, we saw the beginning of a potential bottom-floor bounce when FERL closed in the green after opening at $.038 and finishing at $.039.
Could that move, along with Thursday's green trend (as of 12:00PM EST), be the beginning of a reversal that takes FERL back to recent highs of the $.12+ range that we saw this summer?
A reversal from Thursday 12:00PM EST's FERL valuation of approximately $0.04 could result in a potential short-term surge of over 200% to that $.12+ July high.
And, according to FERL's oversold leaning technical indicators, a continued bounce may not be out of the question.
Your No. 1 Potential FERL Catalyst
According to Barchart's website, FERL is displaying several oversold leaning technical indicators.
Here are few key ones to take note of (as of 12:00PM EST Thursday):
- 9-Day Relative Strength Index: 38.40%
- 14-Day Relative Strength Index: 39.02%
- 20-Day Raw Stochastic: 16.67%
- 20-Day Williams %R: 83.33%
When stocks have oversold leaning technical indicators, they can be viewed as undervalued.
Pair that knowledge with the fact that FERL was trading at levels over 100% higher in July then it is trading at now, and some serious buzz could start swirling around this stock profile in the short-term.
Now, I'm not saying that FERL is going to breakout on Friday back to that $.12+ high we saw in July, but you need to be aware of the potential upside this profile currently is displaying.
Your No. 2 Potential FERL Catalyst
Fearless Films Boosts Leadership for Next Phase of Company Development
TORONTO, Oct. 1, 2020 /PRNewswire/ -- Fearless Films, Inc. ("Company") (OTC: FERL) today announced a series of changes to its management as well as its Board of Directors. The changes are being made to accelerate the Company's transition to full development its film production potential.
Victor Altomare, the principal shareholder of the Company will become the CEO and join the Board of Directors. Also joining the Board of Directors are Robert Davi and Goran Kalezic, both with extensive experience in the film industry.
Read the full article here.
Your No. 3 Potential FERL Catalyst
Fearless Films Bulks Up Project Pipeline
TORONTO, Aug. 24, 2020 /PRNewswire/ -- Fearless Films, Inc. ("Company") (OTC: FERL) is pleased to announce that it has completed an agreement to acquire the film script Dead Bounty, another significant addition to the company's growing portfolio of films and intellectual property.
Dead Bounty was written by Goran Kalezic. Goran Kalezic is a writer and director, known for The Great Chameleon (2012) – recognized as a revolutionary comedy on major digital platforms, The Bartender (2005) – voted audience favourite at Indyfest, Bag the Wolf (2000) – played nationwide on primetime networks, and Only Minutes (1998) – Finalist at the Hollywood Film Festival. He is also the author of Dostoevsky's Anarchists: A Screenplay Adaptation of Dostoevsky's Demons (2018).
Dead Bounty is a macabre tale of a modern-day bounty hunter in search of an elusive and mysterious fugitive, in the genre of the horror-thriller.
The Company has agreed to acquire the script in an all-stock transaction. The purchase price was not revealed. The transaction is expected to close during the third quarter of 2020.
The script will join The Great Chameleon, The Lunatic, and Only Minutes as part of the Company's growing intellectual property library and complements the company's strategy of building an asset base of high-quality films and future projects.
Victor Altomare, CEO of the wholly-owned operating division, founder and creative lead for Fearless Films Inc. stated: "Fearless Films is about high-quality productions and entertainment. After reading the script for Dead Bounty, I knew we had to have it. We are very excited to add this script to our development pipeline. This is a great asset for our plan to have a steady stream of projects ready for development."
Your No. 3 Potential FERL Catalyst
Fearless Films to Apply for Share Listing on Canadian Exchange
Fearless Films, Inc. ("Company"), a film production company, today announced that it will be applying to list its share on a stock exchange in Canada, in addition to its current listing on the OTCQB market. The Company has decided to take this step to access a wider pool of capital as well as to increase liquidity options for its shareholders.
The Company has retained external counsel to prepare and submit the application. The application is expected to be submitted during the fourth quarter of this year. Acceptance for listing will be dependent on reviews by the chosen exchange as well as regulatory reviews.
Victor Altomare, CEO of the wholly-owned operating division, founder and creative lead for Fearless Films, Inc. stated, "Canada has a long history of capital markets support for its film industry. By having both Canadian and US listings, we can access capital where it makes the most sense for the Company. We're eager to return to filming as the pandemic eases and wider availability of capital will help us return to a more normal production environment."
There are quite a few reasons why companies may be interested in having their stock listed on multiple exchanges.
One potential advantage of dual listing is access to more capital.
Another potential benefit is increased liquidity, since interested parties have more options for where they can buy or sell shares.
An additional listing also comes with an increased public profile.