RIWI Corp (OTCMKTS:RWCRF) Stock Sees Selling Pressure At Higher Level

RIWI Corp (OTCMKTS:RWCRF) is down 10% in a week. The prediction tech and trend-tracking firm employ random domain intercept tech in the anonymous distribution of surveys worldwide.

Market Stats

On Wednesday, RWCRF stock ended flat at $0.95 with more than 2.6K shares, compared to its average volume of 3.22K shares. The stock has moved within a range of $0.9500 – 0.9500 after opening trading at $0.9367.

RIWI Continues Tracking Global Events: China’s Property Market and Upcoming Afghanistan Brief

The company’s patented tech permits the collection of reliable information even from places that are hard to reach, like Afghanistan and China. Decision-makers globally are concerned about the possibility of the property market in China collapsing, which is likely to have spillover effects and disrupt other global economies. However, an independent analysis by RIWI’s real-time housing price data in China indicates that underlying housi8ng demand is still strong and will materialize aftermarket stabilizes.

Also, RIWI is employing its tech to evaluate the Afghanistan situation and fill the data void left following the US’s withdrawal of its troops. The company has been collecting data from August 27, 2021, through November 1, 2021 that focuses on the impact of girls and women’s ability to access work and school, the deterioration of the financial situation and service disruptions experienced following the takeover by the Taliban. So, RWCRF is worth watching.

Traders Corner

RWCRF stock is trading below the 20-Day and 200-Day Moving averages of $1.138 and $1.38 respectively. The stock is trading in the oversold zone with RSI stands at 25.