I see a base forming in NHTC. I will exit at a return to parabolic SAR and take 1/2 profit at 29.75. I will hold 1/2 position for long-term new highs.
This is a great company with awesome fundamentals which has blown up so quickly that it needed to correct and consolidate, but it will break to new highs. It is largely undervalued, and in a long-term uptrend. My strategy is to continue to reduce my stop market entry to 25c higher than the highs of the attempted reversals. Previously it was 36.25, now I will...
Hypodermic style rally for three days. Huge volume on the backside slamming the stock down. Now we've had a two day rally narrowing spread and lowering volume after high downside volume and overextended chart tell me we've got no demand as price rises. This lack of demand will allow sellers to hit the market. Expectation near 35
So questions for discussion would be... comments please... 1. What was the proper buy point? 2. How big of a base is still valid? I wanted to get in on this company, but it looks like good time to wait until it returns to a normal level. $12.50 to 15 is about how far it should fall and still be considered likely to resume in the uptrend, but of course it...