Good bargains opening up…
First, Fuel Systems Solutions. We are following this producer of equipment to power cars on natural gas (and gasoline). It has come down rapidly on no news:
With an RSI of 27 it’s already oversold and the crash really is, well, heavy. Support should be near, pick up a few if you can.
China Fire and Securities group (CFSG) is another victim of the sell-off, now trading at a p/e of 9:
It is also oversold with an RSI of 26.
Fuqi International is the third one we follow with an RSI in oversold territory and close to support. It has a p/e of 7.5, rather ridiculous, if you ask us:
We haven’t written on ATP Oil & Gas before, although we are watching developments here. It’s a good buy at these oversold levels as well although we would wait whether the very important support at just under $15 holds: