SVMH (SRIVARU Holding) shows high speculative potential, with a current oversold level indicating a possible short-term rebound. At $0.028, the stock is heavily discounted, with strong support at $0.026. If it holds, there’s significant upside, aiming for a recovery towards the resistance at $0.174—a potential gain of over 500%.
TheDylz : ya but lol offering at 7 cents massive rs coming
Nzm Nhr :
Kay Kay 66 OP TheDylz : If SVMH is indeed conducting an offering at $0.07, this means they are issuing new shares at a price higher than the current market price ($0.028). Offerings can dilute the value of existing shares, as more shares are added to the market, potentially lowering the stock price further. However, since the offering is above the current price, it can also set a floor or indicate that the company or investors believe in higher intrinsic value.
TheDylz Kay Kay 66 OP : well technically it was around 0.064 or something like that but the point is that is why it tanked in the first place when that news came out