Nutritional High International Inc. Ordinary Shares C.NHL

RE:RE:LETS SEE .... YESTERDAY 12% ....WAS IT JUST A......

[LiquidOctopusV2]

I'm pretty sure we can say that there is signficant support for this stock in these low ranges.  Frankly, when the whole pot sector took a hit recently, EAT/SPLIF held in roughly the same trading range.   The overall volume hasn't been amazing but it's been higher on some days.  It's hard to say anything about "bull traps" or whether it's part of a larger trend when the volume is lack lustre. 

I'm somewhat optimistic that Adam Szweras might be the reason that the stock is moving upwards from these lows.  The price of the stock and the company's performance de-linked a long time ago, so it's not clear what's actually driving the price on any given day.  I operate my stock holdings like rational market forces win over the long term.  Given the strong value proposition offered by EAT at these cratered share price levels, upwards movement should be expected.  But you can never really know. 

Danorrn wrote: Or was it a positive engulfing pattern with the RSI and SMIIO heading up which closed above the 21 day MA? I guess we'll see.

letsgetonthis wrote: In stock market trading, a Bull trap is an inaccurate signal that shows a decreasing trend in a stock or index has reversed and is now heading upwards, when in fact, the security will continue to decline. It is seen as a trap because the bullish investor purchases the stock, thinking it will increase in value, but is trapped with a poor performing stock whose value is still falling.