Immediate targets 6.77, 6.39. Invalidation at 9.48 .
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely...
Looking at this form a pure technical perspective, you can see price approaching multi-year resistance. A rounding bottom turned to a flag by forming a series of HL (on shorter TF) and is now sitting above the Ichimoku Base Line, Two targets here.
Diamond patterns are neutral until breakout. MACD trending up on multiple time frames.
Just reported loss of .4/share BUT stock is cheap compared to industry. No debt, Current/Quick Ratio >3; Reverse DCF models show fair value ≈ 22-33. Worth a look.
The recent earnings of 1.28 compared to 0.98 same time last year. Dividend improved from .04 to .07 in the same time frame. Price is around the same level as it was last year. Last year the price rose from 31 to 51 between earnings reports. Two years ago the price rose from 9 to 18 around the same earnings quarter after a report of 0.49 with a dividend of .01. So...
Pending no bad news about litigation / investigation from Chinese authorities having merit, this stock is bound for $100. It will break the $50 level easily and keep going long-term.
Buying strategies:
$35 breakout
$29 support
28.20 (.38 retrace)
25.50 (.50 retrace)
24.50 resistance becomes support
Will not sell unless, bad news hits stock on chinese investigation
Look at this Market.. ok ok.. it doenst matter which market, but this is gone wild for the last couple of months.. perfect market cycle.. even foconacci Extension was working.. =) So lets crack da Nuts..:
Whats going on and on and on - every market every TimeFrame:
1. Accumulation
2. First Pump
3. Accumulation
4. Second Pump
5. Accumulation
6. Third Pump
7....
I don't know what is going on in NHTC to be honest I didn't have time to look, but I saw numbers Id thought Id never see and just pulled up my level II and waited for the prices to seem to pause at that happened at 23.00. I took 100 shares, then put a stop in for 23.50 to add 100 more, when it hit 24.50 came back to 23.00 and then went back to 23.50 again I added...
I would have bought here but the volume is too high and prices have fallen too fast.
I think this has more consolidation to go through and it's too soon to jump in at 41 support.
This stock has taken several weeks to repair itself once the 20day has been broken.
I was shaken out at 24.75 and want back in this one is going to spring here soon. Put some limit orders in to see if I can snag some shares at 25.53 and if it falls lower I'll buy more near previous support. I will also look to put a stop market order in on the DB breakout above 28.25.
![NHTC: $NHTC eaZY 1800% Basic TA [ SnipeSnipe ]](https://s3.tradingview.com/2/2ksVYJFN_mid.png "$NHTC eaZY 1800% Basic TA [ SnipeSnipe ]")
