RE:RE:Be patient, we've seen the bottom butWith all dual respect, pls give me a break, you quote my statement but missed out some criteria in TA . Last time when the $3.50 level was broken with below average volume and did not hold for more than three to four days, meaning not enough commitment to confirm a new leg up, even though sp got a bit above $4.05. And it backed down as it should according to my TA.
i can tell your interpretation of the chart is just incomplete observation. No offence, just facts. If you don't agree my TA that is fine, but using wrong interpretation and without calculation of trading volumes on a day to day basis and applying it with resistance level is amateur mistake. Your post definitely omit my stressing the importance of trading volume. Pls attend to detail.
Also you bring up the manipulation issue which sounds like your investment in NHC is based on betting it to stop one day. I can't imagine I can play this stock like that and wonder how many posters here really share the same mentality. It was something new to me in my over 30 years playing the market.
To be fair, if Q4 is a bust lots of people in the board will lose money. That is for sure no matter how smart you play. So good luck all.
EStreet wrote: With all due respect to technical analysis,,.
Look at the chart,, Nov 16th just three weeks ago,,,,did you see any of this, ("break through $3.50 and stay above for a few days to gain enough momentum to shoot above $4.25 to confirm the next leg up. Before this to happen we will be dead locked within this trading range")
How does any of this apply to our last run to $4.05,,. All of a sudden someone flicked a switch or made a call and a couple of quick moves later within a few days and up 30% and then back down again,,.
Technical’s and crystal balls don't apply here,,this stock is heavily undervalued and the share price is heavily manipulated,,. When thats over with,,,,,, it will move and the rest is just noise,,.
IMHO
EZStreet Ducksoup000001 wrote: There are a few hurdle to go over. First, we must break through $3.50 and stay above for a few days to gain enough momentum to shoot above $4.25 to confirm the next leg up. Before this to happen we will be dead locked within this trading range for awhile first - $3.05 to $3.35 - as a part of on-going base building. Time will tell. What is assuring is that we are not going down much further than what we see lately. Volume of trades is the key to watch and I don't see much commitment so far to make the call.