RE:RE:RE:Time To Buy InIt is about time for an update on price action since share price broke out from $3.03 and $3.16. It is somewhat dangerous to do this on a Friday when the market is normally not like to commit. Anyway I will give it a try as the sp has been behaving well into my analytical trend. The $3.16 is easily broke through which I think could take a little longer to do. It is good for the short term traders to take the easy money off the table while for longer term investors it means a longer period, say one to three weeks of range trading is very not uncommon. Close to $3 is now a very strong floor if sp can stay above $3.26 at close for another few days next week. The next huge resistance is $3.51 that will need some test and retest before a breakout. When it happens we will see much higher prices.
Having said that, I am not adding here though my average price to around $2.90. But I definitely will when $3.51 level is passed with no hesitation. The picture can be changed drastically with headline news and company announcements.but I will refuse to get excited with new brokerage coverage and recommendations as they mean nothing compared with the next QR, whether good or bad. Good luck to all longs.
Ducksoup000001 wrote: Repost of of my previous message as below. It sure looks like the stock is willing or is struggling to grind higher after staying just above $3.03 for a few days now. It is not likely the stock will retest its low of $2.81. Next big resistance level is at $3.16 and could go range bound between now and just before next QR in August. Any good news will change the picture and hope NHC is able to deliver as promised or exceed expectation.
Ducksoup000001 wrote: The share price needs to stay above $3.03 at close for a couple of days to confirm breakout of the bottom. We could be at the end or very near it in the bottoming process. In the meantime there is no way to predict how the coming QR will be. Unless one has cash to burn and don't care about it otherwise wait for the technical signal to confirm before making the next move. Remember this stock went up 13% in one day and then retreated back to $2.81 in a couple of days. Good luck.
quote=TheRock07]We have hit bottom and needed an event to initiate the share price rebound while forcing the shorts to cover.
We are now in increasingly stronger seasonal quarters each of which will be a new record by a country mile for Nobilius.
They have their guidance and they will meet that guidance.
That means a $10 US fair value.
Tuesday presentation is the event that management have been patiently waiting for.
That presentation will be very positive and will confirm the essentials of this play.
Get aboard and flush out the shorts.....and make good coin as this beaten down play transits into a very strong capital gaim..
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