TSXV:RHT.H - Post by User
Comment by
Ghostofrljpon Oct 31, 2019 5:02pm
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Post# 30294377
RE:Consolidated
RE:ConsolidatedActually its the buyers are drying up. The trend is busted as I said until something comes out to confirm what is being said by the CEO. imho.
We want 55 cents to hold as support or else it rolls back to the 50 cent range.
Or we want the RSI to hold the 50 area and we reverse back upwards from there. Simply signifying that the share price on average is closing in the upper half of the days trading range aka bully is still driving the trend.
Its just a time for a rest after a real good run. There will be more like it on the way upwards if what they say will come to fruition. I believe it will but right now I think the bulk of the OB'd is to come in Nov and Dec and that is simply why they did not state the numbers at the Q reporting time.
RHT Chart