Rising Dragon (RDAC) surges 30.92% intraday on technical rebound from oversold levels and algorithmic buying.

Rising Dragon (RDAC) surged 30.92% intraday after rebounding from oversold technical levels and algorithmic buying. The stock, which traded as low as $8.72, reversed sharply amid an RSI of 41.02 and improving MACD momentum, pushing it 30% above its 200-day moving average of $10.35. The Shell Companies sector showed mixed momentum, with sector leader ESH Acquisition (ESHA) gaining 3.73%, but RDAC’s move was primarily technical, driven by short-covering and automated trading strategies rather than corporate announcements. Key resistance at $11.50 and support at $10.35 suggest the rally remains short-term, with no material fundamental catalysts reported.