TSXV:RHT.H - Post by User
Comment by
PoorOpinionon May 29, 2018 10:12am
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Post# 28092995
RE:RE:If no bad surprises from the conference call then.........
RE:RE:If no bad surprises from the conference call then.........You did read the first paragraph right? He's Basically selling you the promise that after this selloff the stock will never go down again. And you think that's great. He's making stuff up and you love it.
"take it from me this is the last cycle though"
Aei773ou wrote: Welcome back Millennial 2000, great post as usual. Just hope it would never dip down to 1.2.
Millennial2000 wrote: This stock has experienced noticeably 4 waves/cycles of sell offs (we are in the 4th cycle) since topped at 2.62. Take it from me this is the last cycle though we yet has to determine the bottom.
Regardless, a counter trend is imminent and we will see it very soon meaning a bottom could be found tomorrow. Take note the 200DMA is almost at 1.20 and the ultimate strong support is 1.20. With today’s sp down 12% it is possible it repeats on the intraday tomorrow and a touch to the vicinity of 1.2 is about 12%-13% down from today’s close. Then the stock will bounce back up. How far it will go depends on the volume and the buying pressure.
This is pure technical. This Wednesday will give hints as to what the chart will look like for the coming summer months. Just a head up, the stock will be again on the uptrend when the funds are returning and this 3 months they are just doing the opposite.
To disclose my position one can look back to my past post commenting on the 100 DMA as the immediate support and then 200 DMA. I executed my strategy as mentioned and have reduced my position substantially since the stock was closing in to 100 DMA. The buy signal will appear soon on the chart. Summer is always the season to accumulate cheap stocks and this year is no exception.
Happy investing to all