REEDR

Following its initial public offering, REEDR experienced a strong increase. However, its current valuation is priced above its market value. The significant support level for this stock is at 19.17. If this level is breached, a decline towards 10.44 could be observed. The high Price-to-Book (P/B) ratio, along with the lack of foreign investor support, suggests that this stock is not suitable for investment at present. For those considering a buying position, it would be advisable to wait for a price movement above the resistance level of 26.91. Any pricing below this level can be technically considered negative.