Here’s Why Pingtan Marine Enterprise Ltd. (NASDAQ:PME) Dropped -1.4%

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In its most recent trading session, Pingtan Marine Enterprise Ltd. (NASDAQ:PME) dropped by -1.4% – here is what that looked like (as of 2020-01-06):

What is the cause of all this?? To grasp this action better, We ought to analyze some technical indicators. As we see it, you should pay the most attention to the following:

A Money Flow Index (MFI) of 22.975, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.062, an Accumulation/Distribution Index (ADI) of 0.062, an On-Balance Volume (OBV) of 3.008, and a Chaiikin Money Flow (CMF) of -1.14. 0.466

Now let’s take all these indicators into account. According to Trading View, this is what it all means:

So there you have it – our analysis of Pingtan Marine Enterprise Ltd. (NASDAQ:PME). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.