Rising Dragon shares surge 19.59% after-hours on technical rebound from oversold levels and algorithmic buying.

Rising Dragon (RDAC) surged 19.59% in after-hours trading, extending its intraday rebound driven by technical factors and Shell Companies sector volatility. The stock’s 23% intraday gain, fueled by algorithmic buying and short-covering amid oversold conditions, pushed it 30% above its 200-day moving average. Sector leader ESH Acquisition (ESHA) also rose 3.73%, reflecting broader momentum in the shell companies space. Technical indicators like RSI (41.02) and MACD (-0.38) signaled improving momentum, though long-term consolidation remains. The after-hours move appears a continuation of the intraday technical rebound, with no material corporate news reported. Investors are monitoring key resistance at $11.50 and support at $10.35 as the stock tests its 52-week range.