Viemed Healthcare Inc VMD

Moving against the downtrend

[Scotty19]

Some prices to watch . 13.10 13.28 13.46

[Tropicalsun]

Scotty19, admittedly I know very little about technical analysis. I think that I would be in the camp of the last drop in the SP off the $14.15 high was due to the pro's cleaning up stop losses. It appears to be the case, but who knows. What is the signifigance of the above mentioned prices to watch? GLTA.

[Scotty19]

VMD.T closed at 14.03 Friday March 24 and made a bottom of 12.53 March 29. Retracement values which are a given .382 .500 .618 . 764 and .786 can give target prices going back against the drop. an example is 14.03-12.53=1.5 1.5x.500=.75 add this to the bottom of 12.53+.75=13.28 An online Fibonacci calculator will do this for you, there's an Uptrend and a Downtrend calculator be sure to

[Tropicalsun]

Thanks Scotty19, interesting. So is what your saying is that if the stock hits $13.28 and then $13.46 it probably goes higher, or these are just predictable resistant levels? GLTA.

[Scotty19]

Yes if one level is broken it will try to get through the next one. 13.48 is the .618 but there are still a couple more price targets above that. In rare occasions there's a 100% retracement meaning 14.03 but this is rare. If it does get above 14.03 and stays there it means it will continue to go higher.  I don't believe it will and that's why I was out the week ending March 24.