TSXV:RHT.H - Post by User
Post by
mulinekon Dec 14, 2017 4:34pm
139 Views
Post# 27159685
reading charts
reading charts60 minutes chart https://stockcharts.com/h-sc/ui?s=RHT.V&p=60&b=5&g=0&id=p37992396753&a=562500634&listNum=14 didn't look too great today. Price broke down bellow BB and was far overextended. It bonced back and stopped at EMA(5) which became firs line of resistance. On daily chart however https://stockcharts.com/h-sc/ui?s=RHT.V&p=D&yr=0&mn=7&dy=0&id=p90198917476&a=562500635&listNum=14 price went down to Support Trend Line (if you check my previous post I pointed out to 1.05 which was the LOW of the Day) and bounced off it to stay within the channel. This line can be still retested tomorrow or on monday but if it stays within the channel everybody should be safe. TA works just have to be objective with yoursef since .... there is no Santa Claus
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