TSXV:RHT.H - Post by User
Post by
Aei773ouon Dec 17, 2020 11:58am
297 Views
Post# 32128524
Alert : Pullback as expected, then what?
Alert : Pullback as expected, then what?As I posted this pullback this morning is expected after such a great run yesterday. So is it a one day wonder only and no follow through? A typical run and fall back hard is a NORM for this stock. Check October 19, just the same all over again.
But wait, if you are interested in technical then this pullback should stabilize when RSI reach around 50. The sp should establish support btw 0.29 ~ 0.31 to stay bullish in the near term. SP is all news driven now and will trade on technical. On fundamentals, nothing changes with the NR yesterday - Lisa is CEO, same wordings in NR like they always use..... meaning fundamentals do not move price at present.
Only thing that really matters is news release on new contracts is received positively for a change. As I reiterate - more NRs should be on the way and higher sp ahead until next Q2 in March. After that fundamentals will move prices and we will see how things are unfolding.