Bright World

Bright World: Sias technical analyst says investors should sell into strength now, after the stock’s staggering 384% surge over the past 12 months. Notes the stock has hit its historical high of $0.615, and likely faces heavy selling pressure. Eyes critical support at $0.60, as a break below that level could point to a minimum downside target of $0.555, followed by $0.50. Adds the 200-day RSI at 62 is overbought, and confirms the bearish outlook for the longer-term.