Get started
meszaros

RHE Another accumulation, further rise.

Long
Regional Health Properties, Inc. (AMEX:RHE)  
meszaros Updated   
AMEX:RHE   Regional Health Properties, Inc.
Trend Analysis Wave Analysis RHE
7
12
trendanalysis waveanalysis rhe
RHE Another accumulation, further rise. In previous analyses I have closely followed the price movement of RHE shares. My analyses are technical in nature, based mainly on wave sequence and fractal analyses, but also on the fair value of the company's shares. The fair values are above 78 usd and no decrease is currently in sight. Let us return to the technical analysis. Today we have a significant rise of almost 100%. If we look at the fair value, the shares are still strongly undervalued. Their upside potential could be significant. Today's major rise is followed by an accumulation phase ,with a bottom at 27% from the local peak. Therefore, 11.07 usd level could be the support level. From this level I expect further upside. The amplitude of the rising wave sequence is 153%. Therefore the next target price could be : 28.52 usd.

Comment:
Based on the financial data received today, the fair value of RHE shares rose to 107.3 usd.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.