Quant Model Indicates 20-day Downside in DANG
+ Below all three (20-day, 50-day, and 200-day) moving averages. Academically proven short-term returns are going to weak moving forward.
+ Definitely oversold, but trend is just too weak to make up for that. Nevertheless, we don't think they will collapse at the same rate as before (-40% in 4 weeks).
+ Likely price scenario of $5.00 to $6.45, with price target of $5.75 before earnings release
+ Definitely oversold, but trend is just too weak to make up for that. Nevertheless, we don't think they will collapse at the same rate as before (-40% in 4 weeks).
+ Likely price scenario of $5.00 to $6.45, with price target of $5.75 before earnings release
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