TSXV:RHT.H - Post by User
Post by
Aei773ouon Dec 22, 2020 11:56pm
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Post# 32167153
Buy, sell or hold ?
Buy, sell or hold ?Remember this stock will continue to trade on technical only, not fundamentals until next fins on Q2. And right now @ 0.42 it has a Market cap of an hefty ~65 million and no revenue yet, just lots of potential and tail winds to project very rapid growth ahead. I don’t give advice here and only try to present some events in the next few weeks that may have an impact on sp.
Chart guys will find sell signals on overbought territory. Short term traders will exist with profit and cause a healthy pullback, meaning no cause for concern as the momentum is intact. A rising and pullback channel is slowly developing. Clearly there is time to accumulate at prices near the lower side of the channel.
The hype we see recently reflects the fear to miss out on a beat down to dirt stock that is turning a new trend. In addition, all news to come (including the Jan 14 interview with Lisa) is believed to be good for the price. Buyers of both long and short term holders have different view range but the trend is pre-set to last until the new Q2. Then it will inevitably be put to test for a reset or extension of this trend on fundamentals.