Does This Provide a Reason to Sell KBS Fashion Group Limited (KBSF)? The Stock Has Formed Bearish Double Bottom Chart Pattern

December 7, 2017 - By Migdalia James

The chart of KBS Fashion Group Limited (KBSF) shows a double bottom with $3.90 target or 5.00 % below today’s $4.10 share price. The 7 months chart pattern indicates high risk for the $7.27M company. It was reported on Dec, 7 by Finviz.com. If the $3.90 price target is reached, the company will be worth $363,250 less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.99% or $0.04 during the last trading session, reaching $4.1. About 58,232 shares traded. KBS Fashion Group Limited (NASDAQ:KBSF) has declined 22.78% since December 7, 2016 and is downtrending. It has underperformed by 39.48% the S&P500.

More notable recent KBS Fashion Group Limited (NASDAQ:KBSF) news were published by: Marketwired.com which released: “KBS Fashion Group Limited Announces First Quarter 2016 Financial Results” on July 06, 2016, also Marketwatch.com with their article: “KBS Fashion Group Ltd.” published on November 05, 2014, Prnewswire.com published: “KBS Fashion Group Limited Announces Senior Management and Board of Directors …” on November 07, 2017. More interesting news about KBS Fashion Group Limited (NASDAQ:KBSF) were released by: Prnewswire.com and their article: “KBS Fashion Group Limited Announces Launch of New Investor Relations Website” published on November 05, 2014 as well as Prnewswire.com‘s news article titled: “Aquasition Corp. Announces Corporate Name Change to KBS Fashion Group Limited” with publication date: November 03, 2014.

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