RE:RE:RE:RE:RE:Is there more downside risk ?Actually, I am constantly looking for things that
don't support my existing view. Successful investing (which I do for a living) requires that one not be married to a particular position or security. I actually welcome dissenting views, since reinforcement bias is a dangerous thing.
itsbeenawhile10 wrote: Charts are what they are, they drawn by the market & they don't lie. What is factual info from the company it is what it is & you have the right to analyse it as you wish & draw you're own conclusions.
Since you are convinced in your analysis & everything you put into context supports what you are saying so be it, end of story at my end.
Takeactionnow wrote: Thanks for the quotes, but I am fully aware of everything there is to know about the company, both from public sources as well as from discussions with management, clients and analysts. A penny stock in this trading environment is, in my opinion, very stable when exhibiting the trading range and activity that RHT.V has exhibited in the past couple of weeks. While onboarding remotely is taking place, the pandemic has made certain interactions trickier and slowed the pace of business operations what with staffing constraints and other limitations.
itsbeenawhile10 wrote: Takeactionnow the last 10 trading days today included the stock as traded between a intraday low of 0.365 today to a high of 0.45 on April 30, I would not call that extremely stable especially when you have 6 downtick days today included.
There is also a short term bearish crossover on the 5 day & 10 days m/a, also looking at the chart & you see the trend from it's last high at closing high at 0.425 April 29 you have red candlesticks all the way down which is a downtrend & not extreme stable imho.
https://stockcharts.com/h-sc/ui?s=RHT.V
https://web.tmxmoney.com/pricehistory.php?qm_symbol=RHT
The company provided an update on March 19 which is practically the opposite of what you're saying about COVID having a negative impact, actually they are asked to accelerate the onboarding of clients.
https://web.tmxmoney.com/article.php?newsid=5511814337378419&qm_symbol=RHT
“The COVID-19 pandemic is obviously an unprecedented event for Reliq as it is for every other business worldwide,” said Dr. Lisa Crossley, CEO of Reliq Health Technologies. “During this time of uncertainty we wanted to let our shareholders know that we continue to provide the full range of iUGO Care software solutions and services to our clients remotely. In keeping with the CDC’s recommendations, many of our clients are urgently moving to a virtual care model to reduce the risk of virus transmission associated with in-office and in-home visits. Our clients provide care to patients who are at the highest risk for poor outcomes from COVID-19 infection – elderly individuals with multiple underlying chronic conditions – and we are responding to our customers’ urgent need to protect and care for this vulnerable population remotely. Our new clients in Florida (Comprehensive Partners and Direct Access at Home) and Louisiana (Blum Telehealth) are onboarding patients to the iUGO Care platform this month and have now requested that we accelerate onboarding significantly relative to their original schedules. In Texas, the Department of State Health Services has issued guidance recommending that Home Health Care providers conduct visits virtually wherever possible, and we are providing our clients there with expanded features and support to meet these evolving needs.
Takeactionnow wrote: RHT.V has been extremely stable over the past two weeks (slight price fluctuation has been within normal trading patterns), reflecting the "holding pattern" of investors awaiting news. There is little basis to be particularly optimistic
or pessimistic, but COVID-19 should be expected to have somewhat of a negative impact. While investors may
want news, corporate resources and attention are better spent right now developing the business. The absence of a "fluff" news release is a good thing, and everyone needs to relax and be patient.
itsbeenawhile10 wrote: Looking at the daily view chart & watching the trading it looks another opportunity as gone by to sell in the mid 40s, time will tell.
IMHO the market is not very upbeat for the upcoming q3 results along with not getting a guidance update by the company, as the saying goes the market is always ahead of the curve.
https://stockcharts.com/freecharts/gallery.html?RHT.V
Always do your due diligence