OTCQB:EMHTF - Post by User
Post by
p0ntiffon Jun 19, 2019 12:05pm
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Post# 29840305
Summer low and entry points
Summer low and entry pointsJust to be clear, I bought at 1.10 and held it all the way up, and then all the way down. Feeling like a bag holder for sure. But it did get pretty high. I sold at 2.73 and took my profits, and now I'm looking at entry points to get back in because I believe this stock will climb in the long term.
Historically, summer is a down trending period for stocks. However, I know other stocks in the sector continue to rally. We're currently not in that realm.
My question is how low will it go for an entry point? For example, last July it dipped to 2.44. I held for that dip, but it sucked. Then at Christmas it dipped to 2.04, that really sucked. Right now, one month pivot points suggests the following:
Support 1: 2.69
Support 2: 2.52
Support 3: 2.20
Support 4: 1.90
I'm thinking around 2.20, but with lower lows, it could hit support 4 at 1.90. Not trying to scare every still holding, as I stated, I believe this stock will climb in the fall providing nothing ominous happens. I'm just looking for entry points.