TSXV:RHT.H - Post by User
Post by
Stockmoves1on Sep 09, 2022 10:16am
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Post# 34951962
TA........
TA........Having traded penny plays full time for over 20years one thing I have observed over and over is this... They near all follow the same rule of numbers. The MM plays these stocks to make and/or break them... no different than a rising stock is a falling stock.. What I see on the chart and from experience is if this stock fails the all important pivot of 45 it is over for a long time and shorts cement a win.... Stocks that fail 45 more often than not work there way back to a minimum of 31 over time if not 27... A stock that fails 25 well let's just leave that for another discussion. So assuming you visit say 43/44 and it pops back to the 50's all I can say is dump it and buy back the next low and try to trade the swings.. Easier said than done ones shorts have you by the ballls. I am neither short nor long this play but it did show up on my radar. good luck to you however you play this. The last nr caught my interest.. As some of you spelled out the financials will tell the story.