In the last couple of weeks, the trades with REE INTERNATIONAL INC (PINK:REEI) stock were not higher that the 3-month average.
REEI entered the low volume period after plunging sharply down in mid-November. After crashing from $0.2 to $0.08, the stock started moving in a trading range with a support at $0.08 and $0.1.
The borders of the trading range, however, may be threatened by the promotional campaign of REEI which was started yesterday.
Our system detected a newsletter by Penny stock Circle shortly after the end of the last session. The promoter admits he had been compensated $25 thousand by a third party called media 1 LLC.
The last promotion of the company took place on November 17. On that day, REEI plunged down 14% on a volume ten times the daily average. Then, the promotion was also sponsored by Media 1 LLC.
In this train of thoughts, it can be assumed that if the third party owns REEI shares and wants to get rid of them, REEI share value may suffer another promotional blow. Therefore, it can easily be guessed which border will be threatened in the coming session.
Apart from this presumptions, REEI has just announced it had welcomed Dr. Robert Trujillo in its advisory board. Apparently, the announcement will act as a support (or a counterpoint) of the initiated promotion.
