TSXV:RHT.H - Post by User
Post by
Reggie1on Jan 10, 2024 5:50pm
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Post# 35820417
Technically and the potential play
Technically and the potential playFrom a bullsih standpoint its a frypan bottom but requires some confirmation. That would be a gap up from a few days in a low.
The potential play here is stand back and wait. But if you are a fund or larger player the results are not so good or bad and one percieves this to be the turning point....the audited financials come out and its a revision unfavorable the share price opens down and stays there. Or its a play to accumulate and the story has changed, this is the nirvana the market has been waiting for and it gaps down and is bought and climbs back during the day.
Or its now shinning happy people holding hands and it climbs out of the abyss providing confirmation of the frypan bottom.
Either way there is lots of time to buy in on the run to $2. Longs, I wish you luck.
Those managing risk and standing aside, well done.