I just don't see any value in a destroyed stock chart like NHE...

  1. 4,572 Posts.
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    I just don't see any value in a destroyed stock chart like NHE
    Up today on NO news
    Tells me someone spruiked it in a ** or other socials
    Hotcopper are the only interested parties.
    Meaning someone got the lows and are desperate at trying to cash out
    If anyone read their last Quarterly, only a fool willing to lose money would bet something on it
    Not sure what is world class about a company that burnt through $14M of raised funds,
    Only to ask the markets for another placement in coming days
    What was I meant to like? No offence smile.png Chart into resistance levels on a consolidated base.
    Even a T/A entry screams caution so, all reasons indicate zero CheekyCharm interest to ever say "yes Hotcopper, I agree with this one" rolleyes.png
    All the best @Key Sole, if this was any other stock that had this bad pattern you would actually downramp it yourself and do a fine job warning us all on the risk,.....at times you trap yourself in the very stocks you downramp, buying similar things etc
    Just my observation is all! To each their own and I am sure others observe a lot about me which is fine too
 
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