RE:Weekly chartWhile investors were undoubtedly disappointed by the absence of great news, the sharp decline in early March is a reflection of the overall market reaction to the COVID-19 pandemic, which it closely mirrors. After some recovery, the stock is flat pending what is awaited, which is onboarding/new revenues news. It really isn't that complicated.
itsbeenawhile10 wrote: One year weekly chart is still bearish with a downtrend well in place.
Notice the long black bearish candlestick back in early March which was the week of their q2 financial report says that the market was very very disappointed of their financial report & the market probably loss confidence in the future developments of the company as the downtrend continued on.
As the saying goes the market is always moving forward looking & is probably not expecting very much in their upcoming q3 financial report.
Reading the chart it shows lower highs & lower lows with still no signal of a possible trend reversal.
https://web.tmxmoney.com/legacy-charting.php?qm_symbol=RHT
Always do your due diligence